LD 1319 LR 985(01)
An Act To Authorize a Federally Recognized Indian Tribe in the State To Benefit from the Operation of an Existing Casino
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Bear of Houlton Band of Maliseet Indians
Committee: Veterans and Legal Affairs
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2013-14 FY 2014-15 Projections  FY 2015-16 Projections  FY 2016-17
Other Special Revenue Funds $755,219 $1,017,029 $1,027,199 $1,037,471
Other Special Revenue Funds $755,219 $1,017,029 $1,027,199 $1,037,471
Fiscal Detail and Notes
This legislation proposes to increase the Oxford Casino tax from 46% of net slot income to 48% of net slot income to provide funding to the Houlton Band of Maliseet Indians.  This increase would increase Other Special Revenue Funds by $755,219 in fiscal year 2013-14 and $1,017,029 in fiscal year 2014-15.  These amounts are based on the December 2012 revenue forecast.  A corresponding Other Special Revenue Funds allocation would need to be included in the bill to allow the funds to be spent.