129th MAINE LEGISLATURE
		LD 1322		LR 1348(02)
	An Act To Provide Equitable Tax Treatment to State-licensed Marijuana Businesses
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2019-20	FY 2020-21	Projections  FY 2021-22	Projections  FY 2022-23
Net Cost (Savings)
	General Fund		$209,388	$498,950	$745,950	$1,035,700
Appropriations/Allocations
	General Fund		$209,388	$209,200	$209,200	$209,200
Revenue
	General Fund		$0	($289,750)	($536,750)	($826,500)
	Other Special Revenue Funds		$0	($15,250)	($28,250)	($43,500)
Fiscal Detail and Notes
	The bill allows an income tax deduction for business expenses related to adult use marijuana establishments and testing facilities and medical marijuana manufacturing facilities and would result in a reduction in General Fund revenue of $289,750 in fiscal year 2020-21 and a reduction in Local Government Fund revenue of $15,250 in fiscal year 2020-21.  The bill includes General Fund appropriations of $209,388 in fiscal year 2019-20 and $209,200 in fiscal year 2020-21 for 2 Senior Tax Examiner positions and related costs.