127th MAINE LEGISLATURE
LD 322 LR 1509(02)
An Act To Enhance the Creative Economy by Providing a Sales Tax Exemption to Incorporated Nonprofit Performing Arts Organizations
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 $67,058 $93,166 $97,172 $101,350
Revenue
General Fund ($67,058) ($93,166) ($97,172) ($101,350)
Other Special Revenue Funds ($3,529) ($4,903) ($5,114) ($5,334)
Fiscal Detail and Notes
This bill exempts incorporated nonprofit performing arts organizations from the sales tax effective October 1, 2015.  The exemption will reduce General Fund revenue by $67,058 in fiscal year 2015-16 and $93,166 in fiscal year 2016-17.  It will also reduce Local Government Fund revenue by $3,529 in fiscal year 2015-16 and $4,903 in fiscal year 2016-17.