125th MAINE LEGISLATURE
		LD 921		LR 1603(01)
	An Act To Clarify the Collection Process for the Commercial Forestry Excise Tax
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. McCabe of Skowhegan
	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		$15,000	$10,000	$10,000	$10,000
Revenue
	General Fund		($15,000)	($10,000)	($10,000)	($10,000)
Fiscal Detail and Notes
	Limiting the period for supplemental assessments of the commercial forestry excise tax (CFET) and providing that landowners who sign an affidavit stating their prior unawareness of the requirement to file a return for the CFET may be assessed only for the current year and the prior 2 years without accumulated interest or penalties will reduce General Fund revenue starting in fiscal year 2011-12.