123rd MAINE LEGISLATURE
LD 1664 LR 1219(02)
An Act To Exempt Vegetable Seeds and Fertilizer from the Sales Tax
Fiscal Note for Bill as Amended by Committee Amendment "     "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $78,679 $116,895 $121,571 $126,434
Revenue
General Fund ($78,679) ($116,895) ($121,571) ($126,434)
Other Special Revenue Funds ($4,316) ($6,412) ($6,668) ($6,935)
Fiscal Detail and Notes
Providing a sales tax exemption for vegetable seeds will reduce General Fund revenue by an estimated $78,679 in fiscal year 2007-08  and $116,895 in fiscal year 2008-09.