126th MAINE LEGISLATURE
		LD 631		LR 414(01)
	An Act To Change the Taxes on Fuel Purchased for Use Other Than on the Highways
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Jackson of Aroostook
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Potential current biennium revenue decrease - General Fund Potential current biennium revenue decrease - Highway Fund
Fiscal Detail and Notes
	Changing the taxes assessed on fuel purchased for use other than for vehicles used on the highways of the State from 1 cent per gallon plus a use tax of 5% to 5 cents a gallon with no use tax could potentially reduce General Fund and Highway Fund revenues due to the impact of eliminating the use tax.  A bill introduced in the 125th Legislature that essentially proposed the same tax change for commercial fishing, forestry and agriculture identified the reduction in annual revenue in the General Fund at approximately $1,500,000 and in the Highway Fund at an estimated $300,000.