123rd MAINE LEGISLATURE
LD 1093 LR 1517(01)
An Act To Exempt Fuels Used in Farm Tractors from the Sales Tax
Fiscal Note for Original Bill
Sponsor: Rep. Piotti of Unity
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $136,156 $185,174 $188,877 $192,654
Revenue
General Fund ($136,156) ($185,174) ($188,877) ($192,654)
Other Special Revenue Funds ($7,469) ($10,157) ($10,360) ($10,568)
Fiscal Detail and Notes
Extending a sales tax exemption for certain purchases used in the commercial production of an agricultural crop will reduce General Fund revenue by an estimated $136,156 in fiscal year 2007-08 and $185,174 in fiscal year 2008-09.