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125th MAINE LEGISLATURE |
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LD 1610 |
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LR 2305(02) |
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An Act To Amend
the Law Regarding the Sale of Wood Pellets |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2011-12 |
FY 2012-13 |
Projections FY 2013-14 |
Projections FY 2014-15 |
| Net Cost
(Savings) |
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General Fund |
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$4,750 |
$19,760 |
$20,550 |
$21,372 |
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| Revenue |
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General Fund |
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($4,750) |
($19,760) |
($20,550) |
($21,372) |
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Other Special Revenue Funds |
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($250) |
($1,040) |
($1,082) |
($1,125) |
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| Fiscal Detail
and Notes |
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The bill expands
the sales tax exemption provided to certain purchases of fuel for residential
use by raising the amount of wood pellet purchases presumed to be for
residential use from 200 pounds to 1,000 pounds. In addition, purchases of up
to one cord of firewood (including bundled campfire wood) are also assumed to
be for residential use. |
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