122nd MAINE LEGISLATURE
LD 275 LR 0117(01)
An Act To Promote Energy Conservation and a Cleaner Environment
Fiscal Note for Original Bill
Sponsor: Sen. Courtney of York
Committee: Taxation
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
General Fund $314,996 $614,274 $767,843 $998,196
Appropriations/Allocations
General Fund $2,000 $0 $0 $0
Revenue
General Fund ($312,996) ($614,274) ($767,843) ($998,196)
Other Special Revenue Funds ($17,169) ($33,694) ($42,118) ($54,753)
Fiscal Detail and Notes
Expanding the current clean fuel vehicle sales and use tax exemption is expected to reduce General Fund revenue by $312,996 in fiscal year 2005-06 and $614,274 in fiscal year 2006-07.  Maine Revenue Services will also require a one-time appropriation of $2,000 for retailer education costs.