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125th MAINE LEGISLATURE |
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LD 238 |
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LR 621(01) |
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An Act To Limit
the Vehicle Excise Tax Exemption Provided to Benevolent and Charitable
Institutions and To Repeal the Exemption Provided to Literary and Scientific
Institutions |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Celli of Brewer |
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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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Current biennium revenue increase - Other Special Revenue
Funds
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Fiscal Detail
and Notes |
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Limiting the
exemption from vehicle excise tax for benevolent and charitable institutions
to those vehicles used for the institutions' primary purposes and repealing
the exemption from vehicle excise tax for literary and scientific
institutions will result in revenue increases to municipalities and the
Unorganized Territories. Since the
limitations in this bill on excise tax exemptions apply only to a few
discrete types of institutions, the revenue increase is not expected to be
substantial. |
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