| 123rd MAINE LEGISLATURE | ||||||
| LD 1375 | LR 2195(01) | |||||
| An Act To Equalize the Taxation of Noncigarette Tobacco Products | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Mills, J. of Farmington | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | ($4,266,181) | ($6,078,888) | ($6,200,467) | ($6,324,476) | ||
| Appropriations/Allocations | ||||||
| General Fund | $24,800 | $0 | $0 | $0 | ||
| Revenue | ||||||
| General Fund | $4,290,981 | $6,078,888 | $6,200,467 | $6,324,476 | ||
| Other Special Revenue Funds | $10,652 | $15,090 | $15,392 | $15,699 | ||
| Fiscal Detail and Notes | ||||||
| These changes will increase General Fund revenue by an estimated $4,290,981 in fiscal year 2007-08 and $6,078,888 in fiscal year 2008-09. Maine Revenue Services will also require a one-time General Fund appropriation of $24,800 in fiscal year 2007-08 for the administrative costs associated with this change. In addition, the Governor's proposed budget for the 2008-2009 biennium, LD 499, includes a proposal to increase other tobacco products taxes. This estimate may need to be revised based on the final legislative action on LD 499. | ||||||