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127th MAINE LEGISLATURE |
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LD 444 |
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LR 1557(02) |
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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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Fiscal Note for
Bill as Engrossed with:
No Amendments |
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Committee: Taxation |
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| Fiscal Note |
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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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