128th MAINE LEGISLATURE
		LD		LR 2406(01)
	An Act To Reduce the Rate of Tax Imposed on the Rental of Living Quarters
	Fiscal Note for Original Bill
	Sponsor: Rep. Winsor of Norway
	Committee: Not Referred
	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		$4,447,110	$15,052,550	$15,169,824	$15,786,158
Revenue
	General Fund		($4,447,110)	($15,052,550)	($15,169,824)	($15,786,158)
	Other Special Revenue Funds		($90,757)	($562,450)	($1,077,576)	($1,096,138)
Fiscal Detail and Notes
	This bill decreases the sales tax rate on lodging by 1.5% effective 11-1-17 and would result in a reduction in General Fund revenue of $4,447,110 in fiscal year 2017-18 and $15,052,550 in fiscal year 2018-19 and a reduction in Local Government Fund revenue of $90,757 in fiscal year 2017-18 and $312,300 in fiscal year 2018-19.  It would also result in a reduction in Tourism Marketing Promotion Fund revenue of $250,150 in fiscal year 2018-19.