126th MAINE LEGISLATURE
LD 901 LR 1680(01)
An Act To Modify the Mining Excise Tax
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Chapman of Brooksville
Committee: Taxation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
Potential future biennium revenue increase - General Fund
Fiscal Detail and Notes
As there is not an active mine in Maine currently, the bill's proposed $1 per gallon surtax on contaminated groundwater and surface water resulting from mining activities is not expected to generate any revenue in the foreseeable future.  It is difficult to predict when a mine might open and if it will contaminate water as a result of its mining activities.  Assuming measurement and reporting requirements are the responsibility of the mining company, any administrative costs incurred by Maine Revenue Services related to implementing the surtax can be absorbed within existing budgeted resources.