| 122nd MAINE LEGISLATURE | |||||||||
| LD 1074 | LR 1615(02) | ||||||||
| An Act To Stimulate Economic Development in Maine's Aviation Industry | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Majority Report | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $807,789 | $1,064,262 | $1,107,792 | $1,173,152 | |||||
| Revenue | |||||||||
| General Fund | ($807,789) | ($1,064,262) | ($1,107,792) | ($1,173,152) | |||||
| Other Special Revenue Funds | ($43,411) | ($57,194) | ($60,765) | ($64,350) | |||||
| Fiscal Detail and Notes | |||||||||
| Providing a sales and use tax exemption for certain aircraft sales and leases and aircraft parts is expected to reduce General Fund revenue by $807,789 in fiscal year 2005-06 and $1,064,262 in fiscal year 2006-07 based on an October 1, 2005 effective date. | |||||||||