| 123rd MAINE LEGISLATURE | ||||||
| LD 1169 | LR 1605(01) | |||||
| An Act Relating to Uncollectible Cigarette and Tobacco Taxes | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Sen. Mitchell of Kennebec | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $87,000 | $57,000 | $57,000 | $57,000 | ||
| Appropriations/Allocations | ||||||
| General Fund | $30,000 | $0 | $0 | $0 | ||
| Revenue | ||||||
| General Fund | ($57,000) | ($57,000) | ($57,000) | ($57,000) | ||
| Fiscal Detail and Notes | ||||||
| The General Fund revenue loss from the credit for uncollectible cigarettee taxes is estimated to be $57,000 annually. Maine Revenue Services will also require a one-time General Fund appropriation of $30,000 in fiscal year 2007-08 for the computer programming costs associated with this change. | ||||||