126th MAINE LEGISLATURE
LD 1007 LR 1968(02)
An Act Relating to Precious Metal Coins
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
FY 2013-14 FY 2014-15 Projections  FY 2015-16 Projections  FY 2016-17
Net Cost (Savings)
General Fund $356,250 $496,375 $518,712 $542,054
Revenue
General Fund ($356,250) ($496,375) ($518,712) ($542,054)
Other Special Revenue Funds ($18,750) ($26,125) ($27,301) ($28,529)
Fiscal Detail and Notes
Exempting gold and silver coins minted by the United States Department of Treasury reduces General Fund revenue by $356,250 in FY 2013-14 and by $496,375 in FY 2014-15 and reduces Municipal Revenue Sharing by $18,750 in FY 2013-14 and by $26,125 in FY 2014-15.