125th MAINE LEGISLATURE
		LD 42		LR 576(01)
	An Act Regarding the Tax on Fuel Used for Commercial Agriculture, Fishing and Forestry
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Edgecomb of Caribou
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$1,023,075	$1,500,000	$1,500,000	$1,500,000
	Highway Fund		$198,000	$300,000	$300,000	$300,000
Appropriations/Allocations
	General Fund		$33,075	$0	$0	$0
Revenue
	General Fund		($990,000)	($1,500,000)	($1,500,000)	($1,500,000)
	Highway Fund		($198,000)	($300,000)	($300,000)	($300,000)
Fiscal Detail and Notes
	Diminishing the existing rebate on the excise tax levied on fuel purchases for commercial fishing, forestry or agriculture will raise revenue to the General Fund and the Highway Fund.  Eliminating the existing sales and use tax imposed on such fuel purchases will reduce revenues, which in turn will result in a net loss to the General Fund and the Highway Fund.  This bill will also require certain one-time expenditures for the creation of a new refund application to modify computer systems and to notify approximately 5,500 accounts of the changes to the rebate and refund system.