| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 1699 | |||||||
| An Act To Establish the Maine Military Family Relief Fund | |||||||
| LR 2522(02) | |||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||
| Committee: Legal and Veterans Affairs | |||||||
| Fiscal Note Required: Yes | |||||||
| Fiscal Note | |||||||
| Projections | Projections | ||||||
| 2003-04 | 2004-05 | 2005-06 | 2006-07 | ||||
| Net Cost (Savings) | |||||||
| General Fund | $0 | $10,791 | $5,030 | $5,145 | |||
| Appropriations/Allocations | |||||||
| General Fund | $0 | $10,791 | $5,030 | $5,145 | |||
| Other Special Revenue Funds | $0 | $60,000 | $60,000 | $60,000 | |||
| Revenue | |||||||
| Other Special Revenue Funds | $0 | $60,000 | $60,000 | $60,000 | |||
| Fiscal Detail and Notes | |||||||
| This bill is expected to generate between $41,000 and $61,000 annually for the Maine Military Family Relief Fund. It may also reduce contributions to other dedicated check-off funds. Maine Revenue Services will require $10,791 in fiscal year 2004-05 for the administrative costs associated with the additional check-off. This fiscal estimate reflects these amounts as a General Fund cost. If sufficient revenue is generated from the check-off to support the $2,000 per year transfer to Maine Revenue Services, the General Fund need would be approximately $8,800 in fiscal year 2004-05 and approximately $3,000 per year thereafter. | |||||||
| The Department of Defense, Veterans and Emergency Management will need an Other Special Revenue Funds allocation of $60,000 starting in fiscal year 2004-05. Although the new Maine Military Family Relief Fund is authorized to begin for the tax year starting on January 1, 2004, the department will not receive any of the voluntary check-off revenue until the collection of 2004 tax revenues is completed in fiscal year 2004-05. | |||||||