123rd MAINE LEGISLATURE
LD 2 LR 564(02)
An Act To Provide a Tax Credit for the Purchase of a Hybrid or Clean Fuel Vehicle
Fiscal Note for Bill as Amended by Committee Amendment "     "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $103,452 $177,763 $216,871 $264,583
Revenue
General Fund ($103,452) ($177,763) ($216,871) ($264,583)
Other Special Revenue Funds ($5,675) ($9,751) ($11,896) ($14,513)
Fiscal Detail and Notes
The General Fund revenue loss associated with the partial sales tax exemption for clean fuel vehicles is estimated to be $103,452 in fiscal year 2007-08 and $177,763 in fiscal year 2008-09.