123rd MAINE LEGISLATURE
		LD 847		LR 2321(02)
	An Act To Support the Commercial Groundfish Industry
	Fiscal Note for Bill as Amended by Committee Amendment "     "
	Committee: Marine Resources
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$3,022,970	$3,477,429	$4,220,379	$0
Appropriations/Allocations
	General Fund		$2,800,000	$3,250,000	$4,000,000	$0
Revenue
	General Fund		($222,970)	($227,429)	($220,379)	$0
	Other Special Revenue Funds		($12,230)	($12,475)	($12,088)	$0
Fiscal Detail and Notes
	Exempting from the sales tax certain fuel used in commercial groundfishing will reduce General Fund revenue by an estimated $222,970 in fiscal year 2007-08 and $227,429 in fiscal year 2008-09.  In addition, the bill includes General Fund appropriations of $2,800,000 and $3,250,000 in fiscal years 2007-08 and 2008-09, respectively, to the Department of Marine Resources to provide rebates to certain commercial groundfish vessels.