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126th MAINE LEGISLATURE |
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LD 1319 |
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LR 985(01) |
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An Act To Authorize
a Federally Recognized Indian Tribe in the State To Benefit from the
Operation of an Existing Casino |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Bear of Houlton Band of Maliseet
Indians |
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Committee: Veterans and Legal Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2013-14 |
FY 2014-15 |
Projections FY 2015-16 |
Projections FY 2016-17 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$755,219 |
$1,017,029 |
$1,027,199 |
$1,037,471 |
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| Revenue |
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Other Special Revenue Funds |
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$755,219 |
$1,017,029 |
$1,027,199 |
$1,037,471 |
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| Fiscal Detail and
Notes |
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This legislation
proposes to increase the Oxford Casino tax from 46% of net slot income to 48%
of net slot income to provide funding to the Houlton Band of Maliseet
Indians. This increase would increase
Other Special Revenue Funds by $755,219 in fiscal year 2013-14 and $1,017,029
in fiscal year 2014-15. These amounts
are based on the December 2012 revenue forecast. A corresponding Other Special Revenue Funds
allocation would need to be included in the bill to allow the funds to be
spent. |
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