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128th MAINE LEGISLATURE |
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LD 1597 |
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LR 2307(01) |
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An Act To Exempt
from Sales Tax the Fee Associated with the Paint Stewardship Program |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Sen. Breen of Cumberland |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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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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$48,020 |
$71,344 |
$71,926 |
$74,803 |
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| Revenue |
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General Fund |
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($48,020) |
($71,344) |
($71,926) |
($74,803) |
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Other Special Revenue Funds |
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($980) |
($1,456) |
($3,786) |
($3,937) |
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| Fiscal Detail
and Notes |
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This bill provides
a sales tax exemption for paint stewardship assessments and would result in a
reduction in General Fund revenue of $48,020 in fiscal year 2017-18 and
$71,344 in fiscal year 2018-19 and a reduction in Local Government Fund
revenue of $980 in fiscal year 2017-18 and $1,456 in fiscal year 2018-19. |
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