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128th MAINE LEGISLATURE |
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LD 1687 |
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LR 2509(02) |
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An Act To Amend
the Laws Governing the Calculation of Excise Tax on Automobiles |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Current biennium revenue decrease - Municipalities |
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| Fiscal Detail
and Notes |
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Changing the
excise tax calculation from the maker's list price to the purchase price for
certain sales would result in a loss of revenue to municipalities. The Maine Municipal Association has
estimated the total statewide loss to all municipalities to be approximately
$5,000,000 in the first year. |
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