125th MAINE LEGISLATURE
LD 6 LR 75(01)
An Act To Provide a Sales Tax Exemption for Bags Provided by Redemption Centers for Returnable Containers
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Trahan of Lincoln
Committee: Taxation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2011-12 FY 2012-13 Projections  FY 2013-14 Projections  FY 2014-15
Net Cost (Savings)
General Fund $21,375 $28,500 $28,500 $28,500
Revenue
General Fund ($21,375) ($28,500) ($28,500) ($28,500)
Other Special Revenue Funds ($1,125) ($1,500) ($1,500) ($1,500)
Fiscal Detail and Notes
Creating an exemption from sales tax for plastic bags used by licensed local redemption centers to sort, store and transport returnable beverage containers will result in a loss of revenue to the General Fund and reduce revenue sharing.  Any additional costs associated with administration of the sales tax exemption can be absorbed within existing  budgeted resources.