| 123rd MAINE LEGISLATURE | ||||||
| LD 1001 | LR 1377(02) | |||||
| An Act To Eliminate the Property Tax on Business Equipment Owned by Small Retailers | ||||||
| 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 | $0 | $1,305,633 | $1,768,202 | $1,571,046 | ||
| Revenue | ||||||
| General Fund | $0 | ($1,305,633) | ($1,768,202) | ($1,571,046) | ||
| Other Special Revenue Funds | $0 | $0 | $47,525 | $106,556 | ||
| Fiscal Detail and Notes | ||||||
| Extending the business equipment property tax exemption to certain retail property will reduce General Fund revenue by an estimated $1,305,633 in fiscal year 2008-09. | ||||||