LD 1762 LR 2721(07)
An Act Related to the Report of the Tax Expenditure Review Task Force
Fiscal Note for Senate Amendment " " to Original Bill
Sponsor: Sen. Katz of Kennebec
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 $0 $25,000,000 $0 $0
General Fund $0 ($25,000,000) $0 $0
Fiscal Detail and Notes
This amendment eliminates the transfers from the Tax Relief and Maine Budget Stabilization Funds from the bill, which increases the General Fund cost of the bill by $25,000,000 in fiscal year 2014-15.
It also replaces the changes in the bill that modified the distribution of the General Fund unappropriated surplus at the close of fiscal year 2013-14, also known as the "Cascade," and instead eliminates the fourth priority transfer of up to $40,000,000 to municipal revenue sharing.