124th MAINE LEGISLATURE
		LD 1495		LR 2026(03)
	An Act To Implement Tax Relief and Tax Reform
	Fiscal Note for House Amendment "       "
	Sponsor: Rep. Tardy of Newport
	Fiscal Note Required: Yes
Fiscal Note
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		$7,395,539	($7,342,141)	($7,260,226)	$3,739,729
Appropriations/Allocations
	General Fund		($523,073)	($1,511,091)	($967,304)	($1,015,664)
	Other Special Revenue Funds		$0	($2,861,638)	($4,313,954)	($4,347,668)
Revenue
	General Fund		($7,918,612)	$5,831,050	$6,292,922	($4,755,393)
	Other Special Revenue Funds		($408,348)	($2,751,668)	($4,207,255)	($4,831,512)
Referendum Costs		Month/Year	Election Type	Question	Length
		Nov-09	General	Referendum	Standard
	The Secretary of State's budget includes sufficient funds to accommodate one ballot of average length for the general election in November.  If the number or size of the referendum questions requires production and delivery of a second ballot, an additional appropriation of $107,250 may be required.
Fiscal Detail and Notes
	This amendment makes this bill and the revenue effects, appropriations and allocations contingent upon approval by the voters at a November referendum.  If approved by the voters in November, the bill would have the following impact with the first year's sales tax revenue collected on short-term auto rentals slightly reduced due to a delay beyond the original start date of October 1, 2009.
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
	Summary of Revenue:
	Income Tax
	General Fund		($32,754,888)	($84,496,413)	($87,556,532)	($80,599,763)
	Local Government Fund		($1,728,152)	($4,442,970)	($4,610,871)	($4,239,462)
	Sales and Use Tax
	General Fund		$40,422,700	$79,475,363	$81,263,610	$85,355,156
	Local Government Fund		$2,123,300	$4,333,000	$4,504,082	$4,723,306
	Tourism Fund		$0	$2,861,638	$4,313,954	$4,347,668
	Tax and Rent Relief
	General Fund		$0	($810,000)	$0	$0
	Total General Fund Revenue		$7,667,812	($5,831,050)	($6,292,922)	$4,755,393
	General Fund Appropriations:
	Maine Revenue Services Administrative Cost		$523,073	$1,511,091	$967,304	$1,015,664