| 122nd MAINE LEGISLATURE | |||||||||
| LD 672 | LR 0971(02) | ||||||||
| An Act To Promote Ornamental Horticulture by Amending the Definition of "Commercial Agricultural Production" | |||||||||
| 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 | $81,994 | $117,296 | $120,688 | $124,309 | |||||
| Revenue | |||||||||
| General Fund | ($81,994) | ($117,296) | ($120,688) | ($124,309) | |||||
| Other Special Revenue Funds | ($4,406) | ($6,304) | ($6,620) | ($6,819) | |||||
| Fiscal Detail and Notes | |||||||||
| Expanding the sales and use tax exemption to include commercial production of greenhouse and nursery products is expected to reduce General Fund revenue by $81,994 in fiscal year 2005-06 and $117,296 in fiscal year 2006-07. | |||||||||