| 122nd MAINE LEGISLATURE | |||||||||
| LD 747 | LR 0751(01) | ||||||||
| An Act To Provide a Sales Tax Exemption during the Holiday Season for Nonprofit Organizations That Purchase Gifts for Underprivileged Children | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Mayo of Sagadahoc | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $82,950 | $86,268 | $89,719 | $93,307 | |||||
| Revenue | |||||||||
| General Fund | ($82,950) | ($86,268) | ($89,719) | ($93,307) | |||||
| Other Special Revenue Funds | ($4,550) | ($4,732) | ($4,921) | ($5,118) | |||||
| Fiscal Detail and Notes | |||||||||
| Providing a limited sales and use tax exemption to nonprofit organizations that purchase gifts for underprivileged children is expected to reduce General Fund revenue by $82,950 in fiscal year 2005-06 and $86,268 in fiscal year 2006-07. | |||||||||