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127th MAINE LEGISLATURE |
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LD 1613 |
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LR 2655(02) |
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An Act To Exempt
from Sales Tax Meals Sold by Nonprofit Organizations |
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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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$0 |
$1,713,285 |
$1,913,168 |
$2,003,116 |
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| Revenue |
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General Fund |
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$0 |
($1,713,285) |
($1,913,168) |
($2,003,116) |
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Other Special Revenue Funds |
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$0 |
($34,965) |
($126,457) |
($138,490) |
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| Fiscal Detail
and Notes |
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This bill adds
certain sales to the definition of casual sales which are not subject to the
sales tax and would result in a loss of General Fund revenue of $1,713,285 in
fiscal year 2016-17 and a loss of Local Government Fund revenue of $34,965 in
fiscal year 2016-17. |
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