| 125th MAINE LEGISLATURE | ||||||
| LD 205 | LR 879(01) | |||||
| An Act To Provide a Sales Tax Exemption to Incorporated Nonprofit Performing Arts Organizations | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Sen. Gerzofsky of Cumberland | ||||||
| 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 | $4,631 | $6,175 | $6,175 | $6,175 | ||
| Revenue | ||||||
| General Fund | ($4,631) | ($6,175) | ($6,175) | ($6,175) | ||
| Other Special Revenue Funds | ($244) | ($325) | ($325) | ($325) | ||
| Fiscal Detail and Notes | ||||||
| Establishing a sales tax exemption for sales to incorporated non-profit performing arts organizations will result in a reduction in revenue to the General Fund and impact revenue sharing. | ||||||