| 122nd MAINE LEGISLATURE | |||||||||
| LD 475 | LR 1983(01) | ||||||||
| An Act To Change the Allocation of the Real Estate Transfer Tax | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Koffman of Bar Harbor | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $79,000 | $568,578 | $1,042,778 | $1,522,652 | |||||
| Revenue | |||||||||
| General Fund | ($79,000) | ($568,578) | ($1,042,778) | ($1,522,652) | |||||
| Other Special Revenue Funds | $79,000 | $568,578 | $1,042,778 | $1,522,652 | |||||
| Fiscal Detail and Notes | |||||||||
| This legislation will decrease General Fund revenue by $79,000 in fiscal year 2005-06 and $568,578 in fiscal year 2006-07. It will also increase the amount of funds allocated to the Housing Opportunities for Maine Fund within the Maine State Housing Authority by the same amounts beginning in fiscal year 2005-06 based on the December 2004 revenue forecasting committee report. | |||||||||