LD 1111 LR 1490(03)
An Act To Allow Maine's Harness Racing Industry To Compete with Casino Gaming
Fiscal Note for Senate Amendment " " to Committee Amendment "A"
Sponsor: Sen. Tuttle of York
Fiscal Note Required: Yes
Fiscal Note
Future biennium revenue decrease - General Fund
Future biennium revenue increase - Other Special Revenue Funds
Fiscal Detail and Notes
This floor amendment retains the overall tax structure in the committee amendment but reduces the percentage distributed to the General Fund and increases distributions to various dedicated accounts.  The estimate of the revenue reduction to the General Fund is $558,352 annually compared to the committee amendment, with revenue to Other Special Revenue Funds increased by the same amount.