| 123rd MAINE LEGISLATURE | ||||||
| LD 1664 | LR 1219(01) | |||||
| An Act To Exempt Vegetable Seeds and Fertilizer from the Sales Tax | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Marean of Hollis | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $125,131 | $185,909 | $193,346 | $201,079 | ||
| Revenue | ||||||
| General Fund | ($125,131) | ($185,909) | ($193,346) | ($201,079) | ||
| Other Special Revenue Funds | ($6,864) | ($10,198) | ($10,605) | ($11,030) | ||
| Fiscal Detail and Notes | ||||||
| Providing a sales tax exemption for fertilizer and vegetable seeds will reduce General Fund revenue by an estimated $125,131 in fiscal year 2007-08 and $185,909 in fiscal yerar 2008-09. | ||||||