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128th MAINE LEGISLATURE |
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LD 782 |
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LR 2146(02) |
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An Act To Provide
a Sales Tax Exemption for Certain Veterans' Facilities |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
| Net Cost
(Savings) |
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General Fund |
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$53,950 |
$75,705 |
$75,590 |
$77,857 |
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| Appropriations/Allocations |
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General Fund |
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$2,500 |
$0 |
$0 |
$0 |
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| Revenue |
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General Fund |
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($51,450) |
($75,705) |
($75,590) |
($77,857) |
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Other Special Revenue Funds |
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($1,050) |
($1,545) |
($3,978) |
($4,098) |
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| Fiscal Detail
and Notes |
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This bill
provides a sales tax exemption for nonprofit organizations providing services
to veterans with combat injuries and would result in a loss of General Fund
revenue of $51,450 in fiscal year 2017-18 and $75,705 in fiscal year 2018-19
and a loss of Local Government Fund revenue of $1,050 in fiscal year 2017-18
and $1,545 in fiscal year 2018-19. The
bill includes a one-time General Fund appropriation of $2,500 in fiscal year
2017-18 to the Department of Administrative and Financial Services for programming changes to add an exemption
line to the sales tax form. |
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