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129th MAINE LEGISLATURE |
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LD 1231 |
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LR 1675(02) |
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An Act To Fund
Energy Efficiency Programs through a Fee on the Sale of Unregulated Heating
Fuels |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Energy, Utilities and Technology |
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Fiscal Note Required: Yes |
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Fiscal Note |
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FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
Net Cost
(Savings) |
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General Fund |
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$26,000 |
$0 |
$0 |
$0 |
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Appropriations/Allocations |
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General Fund |
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$26,000 |
$0 |
$0 |
$0 |
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Other Special Revenue Funds |
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$0 |
$1,680,000 |
$1,730,400 |
$1,782,312 |
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Revenue |
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Other Special Revenue Funds |
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$0 |
$8,400,000 |
$8,652,000 |
$8,911,560 |
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Fiscal Detail
and Notes |
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This bill imposes
a fee of 1% on the wholesale sale price of heating oil, propane, coal and
kerosene that is intended for residential or commercial heating purposes. The
bill requires that 80% of the revenue raised be credited to the Heating Fuels
Efficiency and Weatherization Fund (HFEWF) administered by the Efficiency
Maine Trust (EMT) for reducing heating fuel consumption and providing energy
efficiency and weatherization products and services to consumers and 20% be
credited to the Maine State Housing Authority (MSHA) to assist low-income
households with heating costs. |
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The fee will
generate revenue of $8,400,000 in fiscal year 2020-21 with $6,720,000
credited to the HFEWF and $1,680,000 credited to the MSHA. The bill includes an Other Special Revenue
Funds allocation of $1,680,000 in
fiscal year 2020-21 to the Low-income Home Energy Assistance - MSHA program
to allow expenditure of the revenue anticipated to be received from the
heating fuel fee. The bill also
includes a one-time General Fund appropriation of $26,000 in fiscal year
2019-20 to the Department of Administrative and Financial Services for
computer programming to update the sales tax return. |
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