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127th MAINE LEGISLATURE |
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LD 592 |
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LR 915(02) |
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An Act To Extend
to Certain Fruit and Vegetable Growers the Manufacturing Facility Fuel and
Electricity Sales Tax Exemptions |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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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$134,584 |
$242,250 |
$249,517 |
$257,004 |
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| Revenue |
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General Fund |
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($134,584) |
($242,250) |
($249,517) |
($257,004) |
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Other Special Revenue Funds |
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($7,083) |
($12,750) |
($13,133) |
($13,526) |
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| Fiscal Detail
and Notes |
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This bill exempts
from sales tax 95% of the sale price of fuel used in certain agricultural
production and would result in a loss of General Fund revenue of $134,584 in
fiscal year 2015-16 and $242,250 in fiscal year 2016-17 and a loss to the
Local Government Fund of $7,083 in fiscal year 2015-16 and $12,750 in fiscal
year 2016-17. |
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