125th MAINE LEGISLATURE
LD 1340 LR 2061(01)
Resolve, To Suspend Fuel Tax Rate Adjustments for the 2012-2013 Biennium
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 $8,211 $9,169
Highway Fund $3,762,185 $6,733,267 $6,778,361 $7,409,437
Revenue
General Fund ($4,470) ($8,143) ($8,211) ($9,169)
Highway Fund ($3,762,185) ($6,733,267) ($6,778,361) ($7,409,437)
Other Special Revenue Funds ($383,345) ($688,591) ($693,429) ($761,393)
Fiscal Detail and Notes
Suspending inflation indexing of motor fuel and distillate taxes from July 1, 2011 through June 30, 2013 will reduce revenues to the General Fund, the Highway Fund and various other funds.  This bill also causes revenue reductions in the next biennium since the tax rates imposed then will be lower than they would have been if indexing had not been suspended.