| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 991 | |||||||
| An Act To Equalize Fuel Taxes on Vehicles Used for Personal Travel | |||||||
| LR 1270(01) | |||||||
| Fiscal Note for Original Bill | |||||||
| Sponsor: Sen. Rotundo of Androscoggin | |||||||
| Committee: Transportation | |||||||
| Fiscal Note Required: Yes | |||||||
| Fiscal Note | |||||||
| Projections | Projections | ||||||
| 2003-04 | 2004-05 | 2005-06 | 2006-07 | ||||
| Net Cost (Savings) | |||||||
| General Fund | $18,000 | $0 | ($1,272) | ($1,355) | |||
| Highway Fund | $17,999 | $42,439 | $67,353 | $70,541 | |||
| Appropriations/Allocations | |||||||
| General Fund | $18,000 | $0 | $0 | $0 | |||
| Revenue | |||||||
| General Fund | $0 | $0 | $1,272 | $1,355 | |||
| Highway Fund - Gasoline Tax | $402,511 | $891,234 | $918,208 | $978,465 | |||
| Highway Fund - Special Fuel Tax | ($420,510) | ($933,673) | ($985,561) | ($1,049,006) | |||
| Other Special Revenue Funds | $0 | $0 | $22,279 | $23,740 | |||
| Fiscal Detail and Notes | |||||||
| This bill requires certain vehicle to pay the gasoline tax rather than the special fuel tax. This change will result in a net loss of Highway Fund revenue estimated to be $17,999 in fiscal year 2003-04 and $42,439 in fiscal year 2004-05. General Fund revenue is expected to increase by minor amounts beginning in the 2006-2007 biennium. Maine Revenue Services will also require a one-time General Fund appropriation of $18,000 in fiscal year 2003-04 for the administrative costs associated with this change. | |||||||