123rd MAINE LEGISLATURE
		LD 325		LR 788(02)
	An Act To Clarify the Tax-exempt Status of Ornamental Horticulture
	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		$127,540	$147,888	$153,804	$159,956
Appropriations/Allocations
	General Fund		$28,000	$0	$0	$0
Revenue
	General Fund		($99,540)	($147,888)	($153,804)	($159,956)
	Other Special Revenue Funds		($5,460)	($8,112)	($8,436)	($8,774)
Fiscal Detail and Notes
	Expanding the sales tax exemption for commercial agricultural production will reduce Sales and Use Tax revenue by $105,000 in fiscal year 2007-08 and $156,000 in fiscal year 2008-09, resulting in a General Fund revenue loss of $99,540 and $147,888, respectively.  This bill also includes a one-time General Fund appropriation of $28,000 in fiscal year 2007-08 for Maine Revenue Services retailer notification costs.