Approved: 06/17/23
LD 1958 LR 2541(02)
FY 2023-24 FY 2024-25
Projections
FY 2025-26
Projections
FY 2026-27
Net Cost (Savings)
General Fund $4,750 $16,625 $22,325 $23,275
Appropriations/Allocations
Other Special Revenue Funds $500 $500 $500 $500
Revenue
General Fund ($4,750) ($16,625) ($22,325) ($23,275)
Other Special Revenue Funds ($250) ($875) ($1,175) ($1,225)
Fiscal Detail and Notes
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.
Fiscal Note
131st MAINE LEGISLATURE
An Act to Provide the Mi'kmaq Nation with Sales Tax Revenue for Sales Occurring on Mi'kmaq
Nation Territory
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
LR2541(02) - Fiscal Note - Page 1 of 1