130th MAINE LEGISLATURE
LD 1140 LR 274(01)
An Act To Establish a Sales Tax Exemption for the Purchase of Firearm Safety Devices
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Corey of Windham
Committee: Taxation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $42,350 $85,662 $86,450 $88,350
Revenue
General Fund ($42,350) ($85,662) ($86,450) ($88,350)
Other Special Revenue Funds ($1,650) ($3,338) ($4,550) ($4,650)
Fiscal Detail and Notes
The bill provides a sales tax exemption for certain items used to secure firearms and would result in a reduction in General Fund revenue of $42,350 in fiscal year 2021-22 and $85,662 in fiscal year 2022-23.  It would also result in a reduction in Local Government Fund revenue of $1,650 in fiscal year 2021-22 and $3,338 in fiscal year 2022-23.