| 125th MAINE LEGISLATURE | ||||||
| LD 21 | LR 46(01) | |||||
| An Act To Exempt from the Sales Tax Meals Provided at Retirement Facilities | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Rep. McKane of Newcastle | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| Current biennium cost increase - General Fund | ||||||
| Fiscal Detail and Notes | ||||||
| Exempting meals provided to residents of full-service retirement facilities from sales tax and applying the exemption retroactively will reduce General Fund revenues. The Bureau of Revenue Services indicates that additional clarification is required regarding the effective date of the bill and related terms for the extent of the revenue loss to be more precisely determined. | ||||||