| 122nd MAINE LEGISLATURE | |||||||||
| LD 535 | LR 1829(01) | ||||||||
| An Act To Clarify for Tax Purposes That Manure Removal and Storage Are Operations Directly Involved in the Raising and Care of Livestock | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Weston of Waldo | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $18,449 | $26,648 | $27,685 | $28,792 | |||||
| Revenue | |||||||||
| General Fund | ($18,449) | ($26,648) | ($27,685) | ($28,792) | |||||
| Other Special Revenue Funds | ($991) | ($1,432) | ($1,519) | ($1,579) | |||||
| Fiscal Detail and Notes | |||||||||
| The expansion of a sales tax exemption to include the removal and storage of manure related to livestock production is expected to reduce General Fund revenue by $18,449 in fiscal year 2005-06 and $26,648 in fiscal year 2006-07. | |||||||||