129th MAINE LEGISLATURE
		LD 124		LR 1043(02)
	An Act To Exempt from Sales Tax an Island-based Nonprofit Provider of Ambulance Services
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
		FY 2018-19	FY 2019-20	FY 2020-21	Projections  FY 2021-22	Projections  FY 2022-23
Net Cost (Savings)
	General Fund	$61,740	$9,500	$9,500	$9,500	$9,500
Revenue
	General Fund	($61,740)	($9,500)	($9,500)	($9,500)	($9,500)
	Other Special Revenue Funds	($1,260)	($500)	($500)	($500)	($500)
Fiscal Detail and Notes
	The bill provides a sales tax exemption for certain sales of watercraft to an incorporated nonprofit transportation company and would result in a reduction in General Fund revenue of $61,740 in fiscal year 2018-19 and $9,500 annually beginning in fiscal year 2019-20.  It would also result in a reduction in Local Government Fund revenue of $1,260 in fiscal year 2018-19 and $500 annually beginning in fiscal year 2019-20.