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127th MAINE LEGISLATURE |
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LD 11 |
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LR 76(01) |
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An Act To Exempt
the Sale of the United States Flag from the Sales Tax |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Short of Pittsfield |
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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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FY 2015-16 |
FY 2016-17 |
Projections FY 2017-18 |
Projections FY 2018-19 |
| Net Cost
(Savings) |
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General Fund |
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$93,337 |
$129,926 |
$135,772 |
$141,883 |
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| Revenue |
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General Fund |
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($93,337) |
($129,926) |
($135,772) |
($141,883) |
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Other Special Revenue Funds |
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($4,913) |
($6,838) |
($7,146) |
($7,467) |
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| Fiscal Detail
and Notes |
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This bill exempts
from sales tax sales of the United States flag as long as the flag is made of
cloth. It would result in a loss of
General Fund revenue of $93,337 in fiscal year 2015-16 and $129,926 in fiscal
year 2016-17 and a loss to the Local Government Fund of $4,913 in fiscal year
2015-16 and $6,838 in fiscal year 2016-17. |
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