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127th MAINE LEGISLATURE |
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LD 932 |
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LR 179(01) |
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An Act To
Designate a Sales Tax Holiday |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Katz of Kennebec |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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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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$0 |
$3,895,000 |
$4,050,800 |
$4,212,832 |
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| Revenue |
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General Fund |
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$0 |
($3,895,000) |
($4,050,800) |
($4,212,832) |
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Other Special Revenue Funds |
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$0 |
($205,000) |
($213,200) |
($221,728) |
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| Fiscal Detail
and Notes |
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Establishing an
annual sales tax holiday on the 2nd Saturday in August for sales of certain
clothing, school supplies and individual computers would result in a loss of
General Fund revenue of $3,895,000 and a loss of Local Government Fund
revenue of $205,000 in fiscal year 2016-17. |
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