| 122nd MAINE LEGISLATURE | |||||||||
| LD 118 | LR 0028(02) | ||||||||
| An Act To Provide Tax Relief for People with Functional Limitations | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $295,024 | $394,368 | $410,484 | $427,548 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $22,000 | $0 | $0 | $0 | |||||
| Revenue | |||||||||
| General Fund | ($273,024) | ($394,368) | ($410,484) | ($427,548) | |||||
| Other Special Revenue Funds | ($14,976) | ($21,632) | ($22,516) | ($23,452) | |||||
| Fiscal Detail and Notes | |||||||||
| The change in the sales tax exemption for certain prosthetic devices is expected to reduce General Fund revenue by $273,024 in fiscal year 2005-06 and $394,368 in fiscal year 2006-07. This bill also includes a one-time General Fund appropriation of $22,000 in fiscal year 2005-06 for Maine Revenue Services for the additional printing and mailing costs associated with the change in this exemption. | |||||||||