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128th MAINE LEGISLATURE |
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LD 1721 |
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LR 2490(01) |
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An Act To Require
Room Remarketers and Operators of Transient Rental Platforms To Be Registered
for the Collection and Reporting of Sales Taxes |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Hilliard of Belgrade |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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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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$0 |
($1,867,372) |
($5,986,330) |
($6,274,940) |
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| Revenue |
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General Fund |
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$0 |
$1,867,372 |
$5,986,330 |
$6,274,940 |
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Other Special Revenue Funds |
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$0 |
$100,288 |
$359,610 |
$459,170 |
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| Fiscal Detail
and Notes |
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This bill
requires online real property rental platforms to collect and remit sales
taxes and would result in an increase in General Fund revenue of $1,867,372
in fiscal year 2018-19 and an increase in Local Government Fund revenue of
$100,288 in fiscal year 2018-19. |
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