121st Maine Legislature
		Office of Fiscal and Program Review
		LD 447
		An Act To Exempt from Sales Tax the Sales of Adaptive Equipment To Make a Vehicle Handicapped Accessible
		LR 0340(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Twomey of Biddeford
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings):
	General Fund		$31,002	$45,157	$46,963	$48,842
Revenue
	General Fund		($31,002)	($45,157)	($46,963)	($48,842)
	Other Special Revenue Funds		($1,701)	($2,477)	($2,576)	($2,679)
Fiscal Detail and Notes
	This bill expands the sales tax exemption to include the sale of certain adaptive equipment.  This change will reduce sales and use tax collections by an estimated $32,703 in fiscal year 2003-04 and $47,634 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 $1,701 and $2,477.  The resulting net reduction of General Fund revenue is estimated to be $31,002 in fiscal year 2003-04 and $45,157 in fiscal year 2004-05, based on an effective date of October 1, 2003.