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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1724 |
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An Act
To Create the Maine Military Family Relief Fund |
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LR 2315(01) |
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Fiscal Note for Original Bill |
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Sponsor: Sen. Hall of Lincoln |
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Committee: Taxation |
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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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$0 |
$0 |
$10,791 |
$5,030 |
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Appropriations/Allocations |
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General Fund |
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$0 |
$0 |
$10,791 |
$5,030 |
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Other Special Revenue Funds |
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$0 |
$0 |
$60,000 |
$60,000 |
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Revenue |
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Other Special Revenue Funds |
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$0 |
$0 |
$60,000 |
$60,000 |
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Fiscal Detail
and Notes |
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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 2005-06 and $5,030 in fiscal year 2006-07 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 2005-06 and $3,000 in fiscal year
2006-07. |
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