HP0067
LD 79		 First Regular Session - 125th Maine Legislature
C "A", Filing Number H-111, Sponsored by
LR 477
Item 2
Bill Tracking, Additional Documents Chamber Status

Amend the bill in section 1 in paragraph C in the 2nd line from the end (page 1, line 30 in L.D.) by striking out the following: " 90%" and inserting the following: ' 95%'

Amend the bill by inserting after section 2 the following:

‘Sec. 3. Appropriations and allocations. The following appropriations and allocations are made.

SECRETARY OF STATE, DEPARTMENT OF

Municipal Excise Tax Reimbursement Fund 0871

Initiative: Deallocates funds by changing the method by which municipalities are reimbursed through the Municipal Excise Tax Reimbursement Fund.

OTHER SPECIAL REVENUE FUNDS 2011-12 2012-13
All Other
 ($47,402) ($63,203)
inline graphic sline.gif inline graphic sline.gif
OTHER SPECIAL REVENUE FUNDS TOTAL ($47,402) ($63,203)
’

Summary

This amendment changes the percentage on which the excise tax is to be based from 90% of the manufacturer's suggested retail price for the motor vehicle to 95% of the manufacturer's suggested retail price. The amendment also adds an appropriations and allocations section.

FISCAL NOTE REQUIRED
(See attached)

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