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127th MAINE LEGISLATURE |
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LD 290 |
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LR 986(01) |
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An Act To Refund
the Sales Tax Paid on Fuel Used in Commercial Agricultural Production and
Commercial Wood Harvesting |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Sen. Cushing of Penobscot |
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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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$9,963,600 |
$13,019,750 |
$13,656,202 |
$14,268,999 |
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| Revenue |
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General Fund |
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($9,963,600) |
($13,019,750) |
($13,656,202) |
($14,268,999) |
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Other Special Revenue Funds |
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($524,400) |
($685,250) |
($718,748) |
($751,000) |
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| Fiscal Detail
and Notes |
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This bill provides
a sales and use tax refund or exemption for fuel used in commercial wood
harvesting or commercial agricultural production. It would result in a loss of General Fund
revenue of $9,963,600 in fiscal year 2015-16 and $13,019,750 in fiscal year
2016-17 and a loss to the Local Government Fund of $524,400 in fiscal year
2015-16 and $685,250 in fiscal year 2016-17. |
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