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132nd MAINE LEGISLATURE |
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LD 622 |
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LR 1839(01) |
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An Act to
Implement a Surcharge on Electric Vehicle Registration |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Hepler of Woolwich |
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Committee: Transportation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Net Cost
(Savings) |
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Highway Fund |
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($3,325,390) |
($4,459,094) |
($5,205,122) |
($5,951,007) |
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| Appropriations/Allocations |
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Highway Fund |
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$502,110 |
$118,406 |
$122,378 |
$126,493 |
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| Revenue |
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Highway Fund |
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$3,827,500 |
$4,577,500 |
$5,327,500 |
$6,077,500 |
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| Fiscal Detail
and Notes |
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The Department of
Secretary of State will require Highway Fund allocations of $502,110 in
fiscal year 2025-26 and $118,406 in fiscal year 2026-27 for one Staff
Accountant position, one-time programming and other related costs to
implement and administer a surcharge on electric vehicle registration.
Highway Fund revenue would increase by $3,827,500 in fiscal year 2025-26 and
$4,577,500 in fiscal year 2026-27 from
implementing the surcharge. |
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