127th MAINE LEGISLATURE
LD 689 LR 1003(02)
An Act To Support Maine's Tourism Marketing Promotion Program by Eliminating the Sales Tax Exemption for Casual Rentals for Fewer Than 15 Days a Year
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 ($42,322) ($131,264) ($132,152) ($137,656)
Revenue
General Fund $42,322 $131,264 $132,152 $137,656
Other Special Revenue Funds $2,228 $9,136 $13,864 $14,201
Fiscal Detail and Notes
Eliminating the sales tax exemption for casual rentals for fewer than 15 days a year would increase General Fund revenue by $42,322 in fiscal year 2015-16 and $131,264 in fiscal year 2016-17.  It would also increase Local Government Fund and Tourism Marketing and Promotion Fund revenue combined by $2,228 in fiscal year 2015-16 and $9,136 in fiscal year 2016-17.