9899 GF Revenues

% of
BIENNIAL
TOTAL	SOURCE	1997-98⁽²⁾		1998-99

38.84%	SALES & USE TAX ⁽¹⁾	$817,969,699		$802,186,437
42.97%	INDIVIDUAL INCOME TAX^{(1) (2)}	829,758,364		962,926,561
5.75%	CORPORATE INCOME TAX⁽¹⁾	107,760,131		132,051,673
-4.44%	TRANSFER FOR REVENUE SHARING⁽¹⁾	(89,529,897)		(95,603,052)
2.93%	CIGARETTE TAX	44,890,210		77,388,171
1.89%	TRANSFER FROM LOTTERY COMMISSION	37,637,870		41,112,981
1.75%	INSURANCE COMPANIES TAX	35,663,000		37,222,000
1.37%	PUBLIC UTILITIES TAX	28,475,000		28,700,000
1.00%	TRANSFER FROM LIQUOR COMMISSION	21,256,837		20,530,129

	OTHER REVENUE:
0.80%	IF&W REVENUE	16,641,842		16,902,064
1.48%	INHERITANCE & ESTATE TAXES	31,299,520		30,403,545
0.44%	PROPERTY TAX - UNORG. TERRITORIES	8,776,866		9,695,799
0.40%	INCOME FROM INVESTMENTS	1,776,409		15,000,000
4.82%	OTHER (Jud. fines, Harness Racing, etc.)	98,300,528		102,584,640
7.94%	SUBTOTAL - OTHER REVENUE	156,795,165		174,586,048

100.00%	TOTALS	$1,990,676,379		$2,181,100,948

			$4,171,777,327

⁽¹⁾ TRANSFERS FOR REVENUE SHARING - GROSS AND NET COLLECTIONS

% of
BIENNIAL	SOURCE	1997-98	1998-99
TOTAL
	SALES & USE TAX - GROSS COLLECTIONS ⁽³⁾	817,969,699	802,186,437
	TRANSFER FOR REVENUE SHARING	(41,716,455)	(39,759,162)
36.88%	SALES & USE TAX - NET COLLECTIONS	776,253,244	762,427,275

	INDIVIDUAL INCOME TAX - GROSS COLLECTIONS⁽²⁾	829,758,364	962,926,561
	TRANSFER FOR REVENUE SHARING	(42,317,676)	(49,109,255)
40.78%	INDIVIDUAL INCOME TAX - NET COLLECTIONS⁽²⁾	787,440,688	913,817,306

	CORPORATE INCOME TAX - GROSS COLLECTIONS	107,760,131	132,051,673
	TRANSFER FOR REVENUE SHARING	(5,495,766)	(6,734,635)
5.46%	CORPORATE INCOME TAX - NET COLLECTIONS	102,264,365	125,317,038

(2) Individual Income Tax in Fiscal Year 1997-98 includes $63,012,065 budgeted to be set aside in the Tax Relief Fund for Maine Residents ($137,245,402 was the actual amount set aside in the Tax Relief Fund for Maine Residents in Fiscal Year 1997-98).
The Tax Relief Fund for Maine Residents was repealed effective 12/31/98.

(3) Sales and Use Tax - Gross Collections amount includes $22,595,032 in fiscal year 1998-99 transferred pursuant to MRSA Title 36 § 1811 ($11,466,256 was transferred to the Maine Rainy Day Fund and the remainder, $11,128,776, was transferred to the Sales Tax Reserve account). Revenue Sharing transfers of 5.1% of these transfers were not made in Fiscal Year 1998-99. PL 1999, c. 528 later transferred $1,152,347 (5.1% of these Title 36 § 1811 transfers) from the Maine Rainy Day Fund to the Local Government Fund for Revenue Sharing distribution in Fiscal Year 1999-00.