127th MAINE LEGISLATURE
LD 1590 LR 2647(02)
An Act To Exempt from the Sales and Use Tax Sales to Certain Veterans' Organizations Funding Direct Supportive Services to Veterans and Their Families
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 $7,840 $87,868 $91,822 $95,954
Revenue
General Fund ($7,840) ($87,868) ($91,822) ($95,954)
Other Special Revenue Funds ($163) ($1,793) ($1,874) ($1,958)
Fiscal Detail and Notes
This bill provides a sales tax exemption to all federally-chartered veterans' service organizations.  It would result in a loss of General Fund revenue of $7,840 in fiscal year 2015-16 and $87,868 in fiscal year 2016-17 and a loss to the Local Government Fund of $163 in fiscal year 2015-16 and $1,793 in fiscal year 2016-17.