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128th MAINE LEGISLATURE |
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LD 1597 |
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LR 2307(04) |
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An Act To Exempt
from Sales Tax the Fee Associated with the Paint Stewardship Program |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "A" |
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Sponsor: Sen. Hamper of Oxford |
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Fiscal Note Required: Yes |
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Fiscal Note |
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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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($34,300) |
($37,044) |
($582) |
($2,877) |
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Revenue |
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General Fund |
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$34,300 |
$37,044 |
$582 |
$2,877 |
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Other Special Revenue Funds |
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$700 |
$756 |
$2,330 |
$151 |
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Fiscal Detail
and Notes |
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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. |
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