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123rd MAINE LEGISLATURE |
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LD 570 |
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LR 985(01) |
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An Act To
Authorize a Local Option Sales Tax To Reduce Property Taxes |
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Fiscal Note for
Original Bill |
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Sponsor: Sen. Strimling of Cumberland |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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Fiscal Note |
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2007-08 |
2008-09 |
Projections 2009-10 |
Projections 2010-11 |
Net Cost
(Savings) |
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General Fund |
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$223,508 |
$172,061 |
$179,931 |
$188,194 |
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Appropriations/Allocations |
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General Fund |
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$223,508 |
$172,061 |
$179,931 |
$188,194 |
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Fiscal Detail
and Notes |
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Authorizing
municipalities to adopt a local option sales tax will result in additional administrative costs
to Maine Revenue Services. The costs
are estimated to be $223,508 in fiscal year 2007-08 and $172,061 in fiscal
year 2008-09. |
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