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127th MAINE LEGISLATURE |
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LD 1590 |
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LR 2647(02) |
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An Act To Exempt
from the Sales and Use Tax Sales to Certain Veterans' Organizations Funding
Direct Supportive Services to Veterans and Their Families |
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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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$7,840 |
$87,868 |
$91,822 |
$95,954 |
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Revenue |
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General Fund |
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($7,840) |
($87,868) |
($91,822) |
($95,954) |
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Other Special Revenue Funds |
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($163) |
($1,793) |
($1,874) |
($1,958) |
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Fiscal Detail
and Notes |
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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. |
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