| 124th MAINE LEGISLATURE | ||||||
| LD 1540 | LR 2219(02) | |||||
| An Act To Amend the Tax Laws | ||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2009-10 | 2010-11 | Projections 2011-12 | Projections 2012-13 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | ($71,250) | ($71,250) | ($71,250) | ||
| Revenue | ||||||
| General Fund | $0 | $71,250 | $71,250 | $71,250 | ||
| Other Special Revenue Funds | $0 | $3,750 | $3,750 | $3,750 | ||
| Fiscal Detail and Notes | ||||||
| Imposing the sales and use tax on the sale of medical marijuana will result in increased revenue to the General Fund in the amount of $71,250 commencing fiscal year 2010-11. Any additional costs associated with the administration of this bill can be absorbed by Maine Revenue Services within existing budgeted resources. | ||||||