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124th MAINE LEGISLATURE |
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LD 1046 |
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LR 693(01) |
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An Act To Exempt
Cleaning Products for Milking Machines from the Sales Tax |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Curtis of Madison |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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Preliminary
Fiscal Impact Statement |
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2009-10 |
2010-11 |
Projections 2011-12 |
Projections 2012-13 |
Net Cost
(Savings) |
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General Fund |
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$21,352 |
$21,352 |
$21,352 |
$21,352 |
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Revenue |
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General Fund |
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($21,352) |
($21,352) |
($21,352) |
($21,352) |
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Other Special Revenue Funds |
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($1,148) |
($1,148) |
($1,148) |
($1,148) |
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Fiscal Detail
and Notes |
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This
bill exempts the products used to clean milking machines from sales tax. The
sales tax exemption would reduce revenue to the General Fund by $21,352 in FY
2009-10 and 2010-11. The exemption
would also reduce revenue to and distribution from Municipal Revenue Sharing
by $1,148 in FY 2009-10 and 2010-11. Administrative costs to Maine Revenue
Services associated with this change can be absorbed within existing budgeted
resources. |
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