128th MAINE LEGISLATURE
		LD 26		LR 601(01)
	An Act To Lower the Maine Motor Vehicle Excise Tax
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Cebra of Naples
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2017-18	FY 2018-19	Projections  FY 2019-20	Projections  FY 2020-21
Net Cost (Savings)
	General Fund		$15,278	$45,835	$76,392	$106,949
Revenue
	General Fund		($15,278)	($45,835)	($76,392)	($106,949)
Fiscal Detail and Notes
	This legislation reduces motor vehicle excise tax mill rates by 10% per year until it reaches 50% of the current rate.  It would result in a reduction of General Fund revenue of $15,278 and $45,835 in fiscal years 2017-18 and 2018-19, respectively, for excise tax collected on non-residents registering vehicles in Maine.
	The loss of revenue to municipalities would be for residents registering vehicles in Maine and would therefore be substantially greater than the loss of revenue to the State for non-residents. No estimate of this loss is made at this time.