126th MAINE LEGISLATURE
LD 1298 LR 1068(06)
An Act To Authorize the Houlton Band of Maliseet Indians To Operate a Casino in Aroostook County
Fiscal Note for Senate Amendment " " to Committee Amendment "A"
Sponsor: Sen. Tuttle of York
Fiscal Note Required: Yes
             
Fiscal Note
Potential future biennium revenue increase - General Fund
Potential future biennium revenue increase - Other Special Revenue Funds
Fiscal Detail and Notes
This floor amendment increases the tax on net slot machine income from 35% to 40% (an additional 2% to the General Fund, an additional 2% to the Coordinated Veterans Assistance Fund and 1% to the City of Bangor) and limits the number of table games to 5.  These changes will increase General Fund revenue by $413,545 and Other Special Revenue Funds revenue by $401,318.  The amendment also requires a one-time privilege fee of $250,000 and a one-time license fee of $5,000,000, increasing General Fund revenues by $5,250,000.