| 123rd MAINE LEGISLATURE | ||||||
| LD 1772 | LR 2554(01) | |||||
| An Act To Require Nonresidents To Pay Sales Tax on Snowmobiles and ATVs | ||||||
| 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 | ($294,311) | ($428,854) | ($450,297) | ($476,864) | ||
| Revenue | ||||||
| General Fund | $294,311 | $428,854 | $450,297 | $476,864 | ||
| Other Special Revenue Funds | $16,144 | $23,524 | $24,700 | $26,157 | ||
| Fiscal Detail and Notes | ||||||
| Repealing the exemption from the sales tax for sales of ATV's and snowmoblies to nonresidents will increase General Fund revenue by $294,311 in fiscal year 2007-08 and $428,854 in fiscal year 2008-09. | ||||||