125th MAINE LEGISLATURE | ||||||
LD 617 | LR 1335(05) | |||||
An Act To Modify the Process Regarding the Return of Unfit Tobacco Products | ||||||
Fiscal Note for
Bill as Engrossed with: C "A" (S-125) S "A" (S-349) to C "A" (S-125) |
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Committee: Taxation | ||||||
Fiscal Note | ||||||
FY 2011-12 | FY 2012-13 | Projections FY 2013-14 | Projections FY 2014-15 | |||
Net Cost (Savings) | ||||||
General Fund | $0 | $40,000 | $40,000 | $40,000 | ||
Revenue | ||||||
General Fund | $0 | ($40,000) | ($40,000) | ($40,000) | ||
Fiscal Detail and Notes | ||||||
Permitting the State Tax Assessor to recognize a credit for tobacco products taxes previously paid and to redeem cigarette tax stamps for tobacco products that are destroyed by a distributor because the products have become unfit for use, sale or consumption will reduce General Fund revenues starting in fiscal year 2012-13. |