123rd MAINE LEGISLATURE
		LD 1377		LR 1732(02)
	An Act To Exempt Fuel Used by Commercial Groundfishing Boats from Sales Tax
	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		$222,970	$227,429	$231,977	$236,617
Revenue
	General Fund		($222,970)	($227,429)	($231,977)	($236,617)
	Other Special Revenue Funds		($12,230)	($12,475)	($12,725)	($12,979)
Fiscal Detail and Notes
	Exempting from the sales tax diesel fuel used in commercial groundfishing will reduce General Fund revenue by an estimated $222,970 in fiscal year 2007-08 and $227,429 in fiscal year 2008-09.  In addition, Part WWWW of Committee Amendment "A to LD 499, the 2008-2009 biennial budget, also includes a similar one-time exemption.  This estimate may need to be revisited based on final legislative actions on LD 499.