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128th MAINE LEGISLATURE |
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LD 541 |
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LR 1048(03) |
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An Act Regarding
the Commercial Forestry Excise Tax |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
| Net Cost
(Savings) |
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General Fund |
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$2,500,000 |
$2,500,000 |
$2,500,000 |
$2,500,000 |
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| Revenue |
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General Fund |
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($2,500,000) |
($2,500,000) |
($2,500,000) |
($2,500,000) |
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| Fiscal Detail
and Notes |
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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. |
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