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128th MAINE LEGISLATURE |
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LD 76 |
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LR 133(01) |
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An Act To Exempt
Diapering Products from the Sales Tax |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Tepler of Topsham |
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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 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
| Net Cost
(Savings) |
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General Fund |
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$1,102,500 |
$1,528,800 |
$1,541,280 |
$1,602,931 |
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| Revenue |
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General Fund |
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($1,102,500) |
($1,528,800) |
($1,541,280) |
($1,602,931) |
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Other Special Revenue Funds |
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($22,500) |
($31,200) |
($81,120) |
($84,365) |
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| Fiscal Detail
and Notes |
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This bill
provides a sales tax exemption for diapering products and would result in a
loss of General Fund revenue of $1,102,500 in fiscal year 2017-18 and
$1,528,800 in fiscal year 2018-19 and a loss of Local Government Fund revenue
of $22,500 in fiscal year 2017-18 and $31,200 in fiscal year 2018-19. |
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