124th MAINE LEGISLATURE
		LD 1045		LR 433(02)
	An Act Regarding the Purchase of Fuel for Off-road Use
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		$0	$0	$201,144	$428,359
Revenue
	General Fund		$0	$0	($201,144)	($428,359)
	Other Special Revenue Funds		$0	$0	($11,033)	($23,497)
Fiscal Detail and Notes
	The bills refunds a portion of the sales tax paid on the purchase fuel for commercial agriculture production.  The sales tax refund applies only to the portion of the sales when the cost exceeds $3.00 per gallon from July 1, 2009 to June 30, 2010 and $3.50 thereafter.  The sales tax refund results in a loss of revenue to the General Fund of $201,144 in FY 2011-12 and $428,359 in FY 2012-13.  There will also be a loss of revenue to the Local Government Fund of $11,033 in FY 2010-12 and $23,497 in FY 2011-13.  Additional costs to Maine Revenue Service in refunding the sales tax can be absorbed within existing resources.