125th MAINE LEGISLATURE
LD 597 LR 1159(02)
An Act To Provide Funding for the State Transit, Aviation and Rail Transportation Fund
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Transportation
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 $3,130,000 $3,160,000 $3,190,000
Transfers
General Fund $0 ($3,130,000) ($3,160,000) ($3,190,000)
Other Special Revenue Funds $0 $3,000,000 $3,000,000 $3,000,000
State Transit, Aviation and Rail Transportation Fund $0 $130,000 $160,000 $190,000
Fiscal Detail and Notes
This legislation proposes to increase from 50% to 100% the transfer to the State Transit, Aviation and Rail Transportation Fund of revenue from the 10% sales and use tax on automobile rentals for one year or less as of July 1, 2012. This proposal will reduce revenue to the General Fund by $3,130,000 in fiscal year 2012-13 and will  increase revenue to the Department of Transportation, State Transit, Aviation and Rail Transportation Fund by the same amount.  The legislation also proposes to transfer up to $3,000,000 annually from the State Transit, Aviation and Rail Transportation Fund to the Urban-Rural Initiative Program within the Department of Transportation.