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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 991 |
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An
Act To Equalize Fuel Taxes on Vehicles Used for Personal Travel |
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LR 1270(01) |
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Fiscal Note for Original Bill |
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Sponsor: Sen. Rotundo of Androscoggin |
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Committee: Transportation |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Projections |
Projections |
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2003-04 |
2004-05 |
2005-06 |
2006-07 |
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Net Cost
(Savings) |
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General Fund |
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$18,000 |
$0 |
($1,272) |
($1,355) |
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Highway Fund |
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$17,999 |
$42,439 |
$67,353 |
$70,541 |
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Appropriations/Allocations |
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General Fund |
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$18,000 |
$0 |
$0 |
$0 |
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Revenue |
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General Fund |
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$0 |
$0 |
$1,272 |
$1,355 |
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Highway Fund - Gasoline Tax |
$402,511 |
$891,234 |
$918,208 |
$978,465 |
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Highway Fund - Special Fuel Tax |
($420,510) |
($933,673) |
($985,561) |
($1,049,006) |
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Other Special Revenue Funds |
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$0 |
$0 |
$22,279 |
$23,740 |
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Fiscal Detail
and Notes |
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This
bill requires certain vehicle to pay the gasoline tax rather than the special
fuel tax. This change will result in
a net loss of Highway Fund revenue estimated to be $17,999 in fiscal year
2003-04 and $42,439 in fiscal year 2004-05.
General Fund revenue is expected to increase by minor amounts
beginning in the 2006-2007 biennium.
Maine Revenue Services will also require a one-time General Fund
appropriation of $18,000 in fiscal year 2003-04 for the administrative costs
associated with this change. |
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