123rd MAINE LEGISLATURE
		LD 788		LR 1302(02)
	An Act To Dedicate 20 Percent of the Sales Tax on Motor Vehicles to the Highway Fund
	Fiscal Note for Bill as Amended by Committee Amendment "     "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$0	$9,631,935	$14,652,605	$15,795,508
	Highway Fund		$0	($10,149,563)	($15,456,334)	($16,661,928)
Revenue
	General Fund		$0	($9,631,935)	($14,652,605)	($15,795,508)
	Highway Fund		$0	$10,149,563	$15,456,334	$16,661,928
Fiscal Detail and Notes
	Dedicating 10% of vehicle sales tax revenue to the Highway Fund will decrease General Fund revenue by $9,631,935 in fiscal year 2008-09 and increase Highway Fund revenue by $10,149,563 in fiscal year 2008-09.