121st Maine Legislature
		Office of Fiscal and Program Review
		LD 269
		An Act to Exempt Special Mobile Equipment from Sales Tax
		LR 0848(01)
		Fiscal Note for Original Bill
		Sponsor: Sen. Woodcock
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
		2002-03	2003-04	2004-05	2005-06	2006-07
Net Cost (Savings):
	General Fund		$35,637	$52,301	$54,946	$57,676
Revenue
	General Fund		($35,637)	($52,301)	($54,946)	($57,676)
	Other Special Revenue Funds		($1,955)	($2,869)	($3,014)	($3,164)
Fiscal Detail and Notes
	This bill provides a sales tax exemption for the sale of special mobile equipment by certain nonresidents.  This change will reduce sales and use tax collections by an estimated $37,592 in fiscal year 2003-04 and $55,170 in fiscal year 2004-05.  The reduction of these tax collections will decrease the amounts transferred to the Local Government Fund for state-municipal revenue sharing in those years by $1,955 and $2,869.  The resulting net reduction of General Fund revenue is estimated to be $35,637 in fiscal year 2003-04 and $52,301 in fiscal year 2004-05, based on an effective date of October 1, 2003.