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128th MAINE LEGISLATURE |
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LD 338 |
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LR 870(01) |
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An Act To Exempt
Certain Disabled Veterans from the Motor Vehicle Excise Tax |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. McLean of Gorham |
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Committee: Taxation |
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Fiscal Note Required: No |
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Preliminary
Fiscal Impact Statement |
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Municipal revenue loss from excise tax exemption
Minor revenue decrease - General Fund |
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Fiscal Detail
and Notes |
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Municipal
revenues would be decreased by exempting motor vehicle excise tax that is now
collected from veterans who are receiving VA benefits based on 100% permanent
service-connected disability. No estimate of this loss is made at this time. |
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To the extent
that nonresidents meeting this criteria are registering their vehicles and
paying excise tax in Maine, General Fund revenues would be decreased by minor
amounts not requiring any change to the budget. |
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