| 122nd MAINE LEGISLATURE | |||||||||
| LD 2048 | LR 3133(02) | ||||||||
| An Act To Strengthen Maine's Craft Brewers | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $188,859 | $171,931 | $172,641 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $30,000 | $0 | $0 | |||||
| Revenue | |||||||||
| General Fund | $0 | ($158,859) | ($171,931) | ($172,641) | |||||
| Other Special Revenue | $0 | ($2,001) | ($2,317) | ($2,623) | |||||
| Fiscal Detail and Notes | |||||||||
| The establishment of a tax credit against certain alcohol excise taxes will result in the loss of an estimated $121,630 in budgeted General Fund revenue to be collected by the Department of Public Safety in fiscal year 2006-07. In addition the bill will reduce income tax by an estimated $39,230 in fiscal year 2006-07, resulting in an additional General Fund revenue loss of $37,229. This bill includes a one-time General Fund appropriation of $30,000 for Maine Revenue Services' computer programming costs. | |||||||||