123rd MAINE LEGISLATURE
LD 937 LR 1680(04)
An Act To Exempt Qualifying Snowmobile Trail Grooming Equipment from State Sales Tax
Fiscal Note for Senate Amendment "     " to Committee Amendment "A"
Sponsor: Sen. Rotundo of Androscoggin
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund ($46,660) ($65,323) ($68,590) ($72,019)
Transfers
General Fund $46,660 $65,323 $68,590 $72,019
Other Special Revenue Funds ($46,660) ($65,323) ($68,590) ($72,019)
Fiscal Detail and Notes
This amendment requires that at the end of each fiscal year, the State Controller shall transfer from the Snowmobile Trail Fund to the unappropriated surplus of the General Fund an amount equal to the tax exemption for certain snowmobile grooming equipment. The estimated amounts are $46,660 and $65,323 in fiscal years 2007-08 and 2008-09, respectively.