128th MAINE LEGISLATURE
LD 1597 LR 2307(04)
An Act To Exempt from Sales Tax the Fee Associated with the Paint Stewardship Program
Fiscal Note for Senate Amendment " " to Committee Amendment "A"
Sponsor: Sen. Hamper of Oxford
Fiscal Note Required: Yes
             
Fiscal Note
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Net Cost (Savings)
General Fund ($34,300) ($37,044) ($582) ($2,877)
Revenue
General Fund $34,300 $37,044 $582 $2,877
Other Special Revenue Funds $700 $756 $2,330 $151
Fiscal Detail and Notes
The amendment delays the effective date of the bill to provide an exclusion from sales tax of the paint stewardship assessment. The incremental impact of the amendment is to reduce the General Fund revenue loss by $34,300 in fiscal year 2017-18 and by $37,044 in fiscal year 2018-19, and to reduce the Local Government Fund revenue loss by $700 in fiscal year 2017-18 and by $756 in fiscal year 2018-19. As amended, the bill would decrease General Fund revenue by $34,300 in fiscal year 2018-19 and decrease Local Government Fund revenue by $700 in fiscal year 2018-19.