| 122nd MAINE LEGISLATURE | |||||||||
| LD 1074 | LR 1615(03) | ||||||||
| 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 | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $572,437 | $754,185 | $785,033 | $831,350 | |||||
| Revenue | |||||||||
| General Fund | ($572,437) | ($754,185) | ($785,033) | ($831,350) | |||||
| Other Special Revenue Funds | ($30,763) | ($40,531) | ($43,061) | ($45,601) | |||||
| Fiscal Detail and Notes | |||||||||
| Providing a sales and use tax exemption for certain aircraft sales and leases is expected to reduce General Fund revenue by $572,437 in fiscal year 2005-06 and $754,185 in fiscal year 2006-07 based on an October 1, 2005 effective date. | |||||||||