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127th MAINE LEGISLATURE |
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LD 1613 |
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LR 2655(04) |
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An Act To Exclude
from Sales Tax Certain Sales by Civic, Religious and Fraternal Organizations |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "A" |
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Sponsor: Sen. Katz of Kennebec |
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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 amendment
limits the sales tax exemption for certain sales to the first 24 days of such
sales during a calendar year. The booked revenue loss is eliminated, leaving
only a minor revenue loss. |
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