125th MAINE LEGISLATURE
		LD 441		LR 557(02)
	An Act To Make Telecommunications Personal Property Tax Law Equitable
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$0	$152,518	$305,036	$305,036
Revenue
	General Fund		$0	($152,518)	($305,036)	($305,036)
Fiscal Detail and Notes
	Repealing the existing telecommunications tax and establishing an excise tax on telecommunications at 19 mills in fiscal year 2011-12 with provision for later mill adjustments starting in fiscal year 2012-13 by the State Tax Assessor will reduce General Fund revenue starting in fiscal year 2012-13.  Any rulemaking and other administrative costs can be absorbed by Maine Revenue Services within existing budgeted resources.