125th MAINE LEGISLATURE
		LD 131		LR 845(01)
	An Act To Change the Threshold for Qualification for a Sales Tax Resale Certificate
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Johnson of Greenville
	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		$55,873	$67,830	$67,830	$67,830
Appropriations/Allocations
	General Fund		$5,000	$0	$0	$0
Revenue
	General Fund		($50,873)	($67,830)	($67,830)	($67,830)
	Other Special Revenue Funds		($2,678)	($3,570)	($3,570)	($3,570)
Fiscal Detail and Notes
	Reducing the threshold for the requirement to obtain a sales tax resale certificate from $3,000 to $500 will result in lost sales tax revenue and losses to the General Fund and will reduce revenue sharing.  Requiring a one-time administrative expenditure to develop and mail notifications and print off new sales tax resale certificates will cost approximately $5,000 in the first year of the new threshold.