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127th MAINE LEGISLATURE |
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LD 79 |
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LR 399(01) |
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An Act To Provide
a Sales Tax Trade-in Credit for Core Parts |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Diamond of Cumberland |
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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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$3,741,675 |
$5,038,789 |
$5,129,487 |
$5,324,407 |
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| Revenue |
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General Fund |
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($3,741,675) |
($5,038,789) |
($5,129,487) |
($5,324,407) |
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Other Special Revenue Funds |
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($196,930) |
($265,199) |
($269,973) |
($280,232) |
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| Fiscal Detail
and Notes |
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Providing a sales
tax trade-in credit for core parts will reduce General Fund revenue by an
estimated $3,741,675 in fiscal year
2015-16 and by $5,038,789 in fiscal year 2016-17 and Local Government Fund
revenue by $196,930 in fiscal year 2015-16 and by $265,199 in fiscal year
2016-17. |
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