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127th MAINE LEGISLATURE |
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LD 444 |
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LR 1557(01) |
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An Act To Allow a
Motor Vehicle Excise Tax Credit for a Vehicle No Longer in Use |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Pres. Thibodeau of Waldo |
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Committee: Taxation |
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Fiscal Note Required: No |
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| Preliminary
Fiscal Impact Statement |
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No state fiscal impact
Potential reduction in municipal excise tax revenue |
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| Fiscal Detail
and Notes |
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Expanding excise
tax credits to include vehicles that have been totally discontinued will
reduce the amount of excise tax revenue retained by municipalities. It is not
anticipated that the amount of revenue loss for any one municipality will be
significant. |
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