127th MAINE LEGISLATURE
		LD 290		LR 986(02)
	An Act To Refund the Sales Tax Paid on Fuel Used in Commercial Agricultural Production and Commercial Wood Harvesting
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2015-16	FY 2016-17	Projections  FY 2017-18	Projections  FY 2018-19
Net Cost (Savings)
	General Fund		$9,963,600	$13,019,750	$13,656,202	$14,268,999
Revenue
	General Fund		($9,963,600)	($13,019,750)	($13,656,202)	($14,268,999)
	Other Special Revenue Funds		($524,400)	($685,250)	($718,748)	($751,000)
Fiscal Detail and Notes
	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.