| 125th MAINE LEGISLATURE | ||||||
| LD 383 | LR 1730(01) | |||||
| An Act To Eliminate the Annual Indexing of Fuel Tax Rates | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Rep. Cebra of Naples | ||||||
| Committee: Transportation | ||||||
| Fiscal Note Required: Yes | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| FY 2011-12 | FY 2012-13 | Projections FY 2013-14 | Projections FY 2014-15 | |||
| Net Cost (Savings) | ||||||
| General Fund | $4,470 | $8,143 | $14,612 | $22,930 | ||
| Highway Fund | $3,762,185 | $6,733,267 | $12,089,217 | $18,662,228 | ||
| Revenue | ||||||
| General Fund | ($4,470) | ($8,143) | ($14,612) | ($22,930) | ||
| Highway Fund | ($3,762,185) | ($6,733,267) | ($12,089,217) | ($18,662,228) | ||
| Other Special Revenue Funds | ($383,345) | ($688,591) | ($1,236,170) | ($1,914,843) | ||
| Fiscal Detail and Notes | ||||||
| Repealing the inflation indexing of the motor fuel taxes effective July 1, 2011 will result in loss of revenue to the General Fund, Highway Fund and certain Other Special Revenue Funds. | ||||||