HP0156, LD 193, item 3, ‘An Act To Phase In the Restoration of State-Municipal Revenue Sharing to 5 Percent in Fiscal Year 2021-22’

Amend the bill by striking out the title and substituting the following:

‘An Act To Phase In the Restoration of State-Municipal Revenue Sharing to 5 Percent in Fiscal Year 2021-22’

Amend the bill by striking out all of section 1 and inserting the following:

‘Sec. 1. 30-A MRSA §5681, sub-§5, as amended by PL 2015, c. 267, Pt. K, §1, is further amended to read:

5. Transfers to funds. No later than the 10th day of each month, the State Controller shall transfer to the Local Government Fund 5% of the receipts during the previous month from the taxes imposed under Title 36, Parts 3 and 8, and Title 36, section 2552, subsection 1, paragraphs A to F and L, and credited to the General Fund without any reduction, except that for fiscal years 2015-16, 2016-17, 2017-18 and 2018-19 the amount transferred is 2% , for fiscal year 2019-20 the amount transferred is 2.5% and for fiscal year 2020-21 the amount transferred is 3% of the receipts during the previous month from the taxes imposed under Title 36, Parts 3 and 8, and Title 36, section 2552, subsection 1, paragraphs A to F and L, and credited to the General Fund without any reduction, and except that the postage, state cost allocation program and programming costs of administering state-municipal revenue sharing may be paid by the Local Government Fund. A percentage share of the amounts transferred to the Local Government Fund each month must be transferred to the Disproportionate Tax Burden Fund and distributed pursuant to subsection 4-B as follows:

C. For months beginning on or after July 1, 2009 but before July 1, 2010, 15%;

D. For months beginning on or after July 1, 2010 but before July 1, 2011, 16%;

E. For months beginning on or after July 1, 2011 but before July 1, 2012, 17%;

F. For months beginning on or after July 1, 2012 but before July 1, 2013, 18%;

G. For months beginning on or after July 1, 2013 but before July 1, 2014, 19%; and

H. For months beginning on or after July 1, 2014, 20%.’

SUMMARY

This amendment, which is the minority report of the committee, provides that the state-municipal revenue sharing percentage is 2.5% for fiscal year 2019-20 and 3% for fiscal year 2020-21 and returns to 5% in fiscal year 2021-22.

FISCAL NOTE REQUIRED

(See attached)

HP0156 LD 193	Session - 129th Maine Legislature C "B", Filing Number H-261, Sponsored by		LR 328 Item 3
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