LD 541 LR 1048(02)
An Act Regarding the Commercial Forestry Excise Tax
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Net Cost (Savings)
General Fund $2,500,000 $2,500,000 $2,500,000 $2,500,000
General Fund ($2,500,000) ($2,500,000) ($2,500,000) ($2,500,000)
Fiscal Detail and Notes
This legislation repeals the commercial forestry excise tax and would result in an annual loss of General Fund revenue of $2,500,000 beginning in fiscal year 2017-18.  These amounts are based upon the December 2016 revenue forecast.