LD 268 LR 68(02)
An Act To Create a Credit under the Commercial Forestry Excise Tax for Landowners Using Businesses Based in the United States
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
FY 2019-20 FY 2020-21 Projections  FY 2021-22 Projections  FY 2022-23
Net Cost (Savings)
General Fund $2,000,000 $2,000,000 $2,000,000 $2,000,000
General Fund ($2,000,000) ($2,000,000) ($2,000,000) ($2,000,000)
Fiscal Detail and Notes
The bill provides a credit against the commercial forestry excise tax and would result in an annual reduction in General Fund revenue of $2,000,000 beginning in fiscal year 2019-20.