130th MAINE LEGISLATURE
		LD 1382		LR 1686(02)
	An Act To Invest in Maine's Roads and Bridges
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2021-22	FY 2022-23	Projections  FY 2023-24	Projections  FY 2024-25
Net Cost (Savings)
	General Fund		$52,739	$20,930	($7,780)	($30,967)
	Highway Fund		($19,220,811)	($45,251,198)	($68,823,299)	($87,841,881)
Appropriations/Allocations
	General Fund		$76,000	$76,000	$76,000	$76,000
Revenue
	General Fund		$23,261	$55,070	$83,780	$106,967
	Highway Fund		$19,220,811	$45,251,198	$68,823,299	$87,841,881
	Other Special Revenue Funds		$1,965,928	$4,633,732	$7,047,922	$8,996,153
Fiscal Detail and Notes
	This bill increases the fuel tax rate by $.12 per gallon over a 4 year period and will result in an increase in General Fund revenue of $23,261 in fiscal year 2021-22 and $55,070 in fiscal year 2022-23.  It will also increase Highway Fund revenues by $19,220,811 in fiscal year 2021-22 and $45,251,198 in fiscal year 2022-23.  Transcap revenues will increase by $1,558,444 in fiscal 2021-22 and $3,669,016 in fiscal year 2022-23.  Other Special Revenue Funds revenue will increase by $407,484 in fiscal year 2021-22 and $964,716 in fiscal year 2022-23.
	The bill includes a General Fund appropriation of $76,000 in fiscal years 2021-22 and 2022-23 to the Department of Administrative and Financial Services for computer programming costs to update fuel tax returns and refund applications.
	The bill also includes a fuel tax fairness credit for individuals with federal adjusted gross income lower than the federal poverty level.  While the Department of Administrative and Financial Services expects this to reduce General Fund revenue, no estimate of the loss can be made at this time.