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130th MAINE LEGISLATURE |
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LD 966 |
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LR 1153(02) |
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Resolve,
Establishing the Commission To Study Fair, Equitable and Competitive Tax
Policy for Maine's Working Families and Small Businesses |
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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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Legislative Cost/Study |
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FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
Net Cost
(Savings) |
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General Fund |
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$20,000 |
$0 |
$0 |
$0 |
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Appropriations/Allocations |
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General Fund |
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$20,000 |
$0 |
$0 |
$0 |
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Legislative
Cost/Study |
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The general
operating expenses of this study are projected to be $3,125 in fiscal year
2021-22 and $3,125 in fiscal year
2022-23. The Legislature’s budget for the 2022-2023 biennium includes $10,000
in fiscal year 2021-22 and $10,000 in fiscal year 2022-23 for the costs of
legislative studies, as well as $21,260 of balances carried over from prior
years for this purpose. Whether these amounts are sufficient to fund all
studies will depend on the number of studies authorized by the Legislative
Council and the Legislature. The additional costs of providing staffing
assistance to the study during the interim can be absorbed utilizing existing
budgeted staff resources. |
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Fiscal Detail
and Notes |
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Includes a
one-time appropriation of $20,000 in fiscal year 2021-22 to the Legislature
for the costs of securing outside part-time staffing or outside data analyses
to support the work of the commission. Any additional costs to the Governor's
Office to serve on the commission and to the Department of Administrative and
Financial Services to provide information to the commission can be absorbed
within existing budgeted resources. |
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