| 125th MAINE LEGISLATURE | ||||||
| LD 1340 | LR 2061(01) | |||||
| Resolve, To Suspend Fuel Tax Rate Adjustments for the 2012-2013 Biennium | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Rep. Cebra of Naples | ||||||
| Committee: Transportation | ||||||
| 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 | $4,470 | $8,143 | $8,211 | $9,169 | ||
| Highway Fund | $3,762,185 | $6,733,267 | $6,778,361 | $7,409,437 | ||
| Revenue | ||||||
| General Fund | ($4,470) | ($8,143) | ($8,211) | ($9,169) | ||
| Highway Fund | ($3,762,185) | ($6,733,267) | ($6,778,361) | ($7,409,437) | ||
| Other Special Revenue Funds | ($383,345) | ($688,591) | ($693,429) | ($761,393) | ||
| Fiscal Detail and Notes | ||||||
| Suspending inflation indexing of motor fuel and distillate taxes from July 1, 2011 through June 30, 2013 will reduce revenues to the General Fund, the Highway Fund and various other funds. This bill also causes revenue reductions in the next biennium since the tax rates imposed then will be lower than they would have been if indexing had not been suspended. | ||||||