121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1724
		An Act To Create the Maine Military Family Relief Fund
		LR 2315(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Taxation
		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	$10,200	$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 $10,200 for fiscal year 2004-05 and annual allocations of $60,000 starting in fiscal year 2005-06.  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 late in fiscal year 2004-05.