126th MAINE LEGISLATURE
LD 296 LR 1023(05)
An Act To Equalize the Fire Investigation and Prevention Tax Paid by Insurers
Fiscal Note for House Amendment " " to Original Bill
Sponsor: Rep. Dion of Portland
Fiscal Note Required: Yes
             
Fiscal Note
FY 2013-14 FY 2014-15 Projections  FY 2015-16 Projections  FY 2016-17
Revenue
Other Special Revenue Funds $48,750 $65,000 $65,000 $65,000
Fiscal Detail and Notes
An annual revenue increase of $48,750 in FY 2013-14 and $65,000 in FY 2014-15 is realized from having all fire insurance companies and associations in the State collect and pay the same rate of fire investigation and prevention tax.
Any additional costs to the Bureau of Insurance in the Department of Professional and Financial Regulation are expected to be minor and can be absorbed within existing budgeted resources.