| 123rd MAINE LEGISLATURE | ||||||
| LD 171 | LR 385(01) | |||||
| An Act To Establish a Voluntary Tax Account | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Lansley of Sabattus | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $38,154 | $5,235 | $5,319 | ||
| Appropriations/Allocations | ||||||
| General Fund | $0 | $38,154 | $5,235 | $5,319 | ||
| Other Special Revenue Funds | $0 | $29,750 | $35,000 | $35,000 | ||
| Revenue | ||||||
| Other Special Revenue Funds | $0 | $29,750 | $35,000 | $35,000 | ||
| Fiscal Detail and Notes | ||||||
| This bill will result in an increase in Other Special Revenue Funds estimated to be $29,750 in fiscal year 2008-09. Maine Revenue Services will also require a General Fund appropriation of $38,154 in fiscal year 2008-09 for the administrative costs associated with the new income tax check-off. The additional costs associated with developing a method to accept contributions to the Tax ME More Fund using the State's website and administering the fund will be absorbed by the Department of Administrative and Financial Services utilizing existing budgeted resources. | ||||||