125th MAINE LEGISLATURE
		LD 617		LR 1335(02)
	An Act To Modify the Process Regarding the Return of Unfit Tobacco Products
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$40,000	$40,000	$40,000	$40,000
Revenue
	General Fund		($40,000)	($40,000)	($40,000)	($40,000)
Fiscal Detail and Notes
	Permitting the State Tax Assessor to recognize a credit for tobacco products taxes previously paid and to redeem cigarette tax stamps for tobacco products that are destroyed by a distributor because the products have become unfit for use, sale or consumption will reduce General Fund revenues starting in fiscal year 2011-12.