| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 30-A MRSA §5681, sub-§5, as amended by PL 1991, c. 780, Pt. Q, | | §1, is further amended to read: |
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| | | 5. Treasurer of State. An amount equal to 5.1% | | receipts from the taxes imposed under Title 36, Parts 3 and 8, | | and credited to the General Fund, calculated before any transfers | | are made from the revenues generated by these taxes, must be | | transferred by the Treasurer of State to the Local Government | | Fund on the first day of each month beginning August 1, 1992. |
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| | | The Treasurer of State shall distribute the balance in the Local | | Government Fund on the 20th day of each month. |
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| | | This bill increases the percentage of certain state tax | | revenues dedicated to state-municipal revenue sharing from 5.1% | | to 5.5%. The bill also provides that the amount of revenue | | dedicated to state-municipal revenue sharing must be calculated | | before any transfers are made from the revenues generated by the | | taxes subject to revenue sharing. |
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