122nd MAINE LEGISLATURE
LD 353 LR 1666(02)
An Act To Exempt the United States Flag from State Taxation
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 $293,501 $415,793 $424,109 $432,591
Revenue
General Fund ($293,501) ($415,793) ($424,109) ($432,591)
Other Special Revenue Funds ($16,099) ($22,807) ($23,263) ($23,729)
Fiscal Detail and Notes
Exempting sales of the United States flag from the sales and use tax is expected to reduce General Fund revenue by $293,501 in fiscal year 2005-06 and $415,793 in fiscal year 2006-07.