HP0355
LD 492
Session - 128th Maine Legislature
 
LR 64
Item 1
Bill Tracking, Additional Documents Chamber Status

An Act To Restore Revenue Sharing

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 30-A MRSA §5681, sub-§5,  as amended by PL 2015, c. 267, Pt. K, §1, is further amended to read:

5. Transfers to funds.   No later than the 10th day of each month, the State Controller shall transfer to the Local Government Fund 5% of the receipts during the previous month from the taxes imposed under Title 36, Parts 3 and 8 , and Title 36, section 2552, subsection 1, paragraphs A to F and L , and credited to the General Fund without any reduction, except that for fiscal years 2015-16, 2016-17 , and the first 3 months of fiscal year 2017-18 and 2018-19 the amount transferred is 2% of the receipts during the previous month from the taxes imposed under Title 36, Parts 3 and 8 , and Title 36, section 2552, subsection 1, paragraphs A to F and L , and credited to the General Fund without any reduction, and except that the postage, state cost allocation program and programming costs of administering state-municipal revenue sharing may be paid by the Local Government Fund. A percentage share of the amounts transferred to the Local Government Fund each month must be transferred to the Disproportionate Tax Burden Fund and distributed pursuant to subsection 4-B as follows:
C. For months beginning on or after July 1, 2009 but before July 1, 2010, 15%;
D. For months beginning on or after July 1, 2010 but before July 1, 2011, 16%;
E. For months beginning on or after July 1, 2011 but before July 1, 2012, 17%;
F. For months beginning on or after July 1, 2012 but before July 1, 2013, 18%;
G. For months beginning on or after July 1, 2013 but before July 1, 2014, 19%; and
H. For months beginning on or after July 1, 2014, 20%.

Sec. 2. 30-A MRSA §5681, sub-§5-C,  as amended by PL 2013, c. 368, Pt. J, §1, is further amended to read:

5-C. Transfers to General Fund.   For the months beginning on or after July 1, 2009, $25,383,491 in fiscal year 2009-10, $38,145,323 in fiscal year 2010-11, $40,350,638 in fiscal year 2011-12, $44,267,343 in fiscal year 2012-13, $73,306,246 in fiscal year 2013-14 and , $85,949,391 in fiscal year 2014-15 , $51,158,323 from October 2017 to July 2018 and $34,662,264 in fiscal year 2018-19 from the total transfers pursuant to subsection 5 must be transferred to General Fund undedicated revenue. The amounts transferred to General Fund undedicated revenue each fiscal year pursuant to this subsection must be deducted from the distributions required by subsections 4-A and 4-B based on the percentage share of the transfers to the Local Government Fund pursuant to subsection 5. The reductions in this subsection must be allocated to each month proportionately based on the budgeted monthly transfers to the Local Government Fund as determined at the beginning of the fiscal year.

SUMMARY

Currently, state-municipal revenue sharing is decreased from 5% to 2% for fiscal years 2017-18 and 2018-19; it reverts to 5% beginning with fiscal year 2019-20.

This bill reverts the percentage of state-municipal revenue sharing to 5% beginning October 1, 2017 but then requires a fixed portion of that amount to be transferred to the General Fund beginning in October 2017 and for all of fiscal year 2018-19.


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