LD 996 LR 489(02)
An Act To Improve the Accuracy of Fuel Tax Reporting
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
FY 2013-14 FY 2014-15 Projections  FY 2015-16 Projections  FY 2016-17
Net Cost (Savings)
General Fund $142 $203 $203 $203
Highway Fund $256,571 $366,530 $366,530 $366,530
General Fund ($142) ($203) ($203) ($203)
Highway Fund ($256,571) ($366,530) ($366,530) ($366,530)
Other Special Revenue Funds ($23,287) ($33,267) ($33,267) ($33,267)
Fiscal Detail and Notes
This bill proposes to allow for the option of calculating the shrinkage allowance using net gallons of fuel, which would decrease Highway Fund revenue by $256,571 in fiscal year 2013-14 and $366,530 in fiscal year 2014-15 and beyond.  It will also decrease General Fund revenue and Other Special Revenue Funds revenue within the Departments of Agriculture, Conservation and Forestry, Inland Fisheries and Wildlife and Marine Resources, as well as the TransCap Trust Fund within the Maine Municipal Bond Bank, for their portions of fuel tax receipts.