| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 1724 | |||||||
| An Act To Create the Maine Military Family Relief Fund | |||||||
| LR 2315(01) | |||||||
| Fiscal Note for Original Bill | |||||||
| Sponsor: Sen. Hall of Lincoln | |||||||
| Committee: Taxation | |||||||
| Fiscal Note Required: Yes | |||||||
| Fiscal Note | |||||||
| Projections | Projections | ||||||
| 2003-04 | 2004-05 | 2005-06 | 2006-07 | ||||
| Net Cost (Savings) | |||||||
| General Fund | $0 | $0 | $10,791 | $5,030 | |||
| Appropriations/Allocations | |||||||
| General Fund | $0 | $0 | $10,791 | $5,030 | |||
| Other Special Revenue Funds | $0 | $0 | $60,000 | $60,000 | |||
| Revenue | |||||||
| Other Special Revenue Funds | $0 | $0 | $60,000 | $60,000 | |||
| Fiscal Detail and Notes | |||||||
| This bill is expected to generate between $41,000 and $61,000 annually for the Maine Military Family Relief Fund. It may also reduce contributions to other dedicated check-off funds. Maine Revenue Services will require $10,791 in fiscal year 2005-06 and $5,030 in fiscal year 2006-07 for the administrative costs associated with the additional check-off. This fiscal estimate reflects these amounts as a General Fund cost. If sufficient revenue is generated from the check-off to support the $2,000 per year transfer to Maine Revenue Services, the General Fund need would be approximately $8,800 in fiscal year 2005-06 and $3,000 in fiscal year 2006-07. | |||||||