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131st MAINE LEGISLATURE |
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LD 1958 |
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LR 2541(02) |
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An Act to Provide
the Mi'kmaq Nation with Sales Tax Revenue for Sales Occurring on Mi'kmaq
Nation Territory |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
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General Fund |
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$4,750 |
$16,625 |
$22,325 |
$23,275 |
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| Appropriations/Allocations |
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Other Special Revenue Funds |
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$500 |
$500 |
$500 |
$500 |
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| Revenue |
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General Fund |
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($4,750) |
($16,625) |
($22,325) |
($23,275) |
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Other Special Revenue Funds |
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($250) |
($875) |
($1,175) |
($1,225) |
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| Fiscal Detail
and Notes |
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Revising the tax
laws to provide tax treatment for the Mi'kmaq Nation equal to treatment of
other tribal entities by the State will decrease General Fund revenue by
$4,750 in fiscal year 2023-24 and $16,625 in fiscal year 2024-25 and will
decrease Local Government Fund revenue by $250 in fiscal year 2023-24 and
$875 in fiscal year 2024-25.
The bill also establishes the Mi'kmaq Sales Tax Fund to collect and remit
sales tax collected on Mi'kmaq Nation Trust Land, with a base Other Special Revenue
Funds allocation of $500 beginning in fiscal year 2023-24. |
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