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126th MAINE LEGISLATURE |
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LD 1007 |
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LR 1968(01) |
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An Act Relating
to Precious Metal Coins |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Libby of Waterboro |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2013-14 |
FY 2014-15 |
Projections FY 2015-16 |
Projections FY 2016-17 |
| Net Cost
(Savings) |
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General Fund |
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$356,250 |
$496,375 |
$518,712 |
$542,054 |
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| Revenue |
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General Fund |
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($356,250) |
($496,375) |
($518,712) |
($542,054) |
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Other Special Revenue Funds |
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($18,750) |
($26,125) |
($27,301) |
($28,529) |
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| Fiscal Detail
and Notes |
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Exempting gold
and silver coins minted by the United States Department of Treasury reduces
General Fund revenue by $356,250 in FY 2013-14 and by $496,375 in FY 2014-15
and reduces Municipal Revenue Sharing by $18,750 in FY 2013-14 and by $26,125
in FY 2014-15. |
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