121st Maine Legislature
Office of Fiscal and Program Review
LD 1724
An Act To Create the Maine Military Family Relief Fund
LR 2315(01)
Fiscal Note for Original Bill
Sponsor: Sen. Hall of Lincoln
Committee: Taxation
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2003-04 2004-05 2005-06 2006-07
Net Cost (Savings)
General Fund $0 $0 $10,791 $5,030
Appropriations/Allocations
General Fund $0 $0 $10,791 $5,030
Other Special Revenue Funds $0 $0 $60,000 $60,000
Revenue
Other Special Revenue Funds $0 $0 $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 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.