128th MAINE LEGISLATURE
LD 1721 LR 2490(02)
An Act To Require Room Remarketers and Operators of Transient Rental Platforms To Be Registered for the Collection and Reporting of Sales Taxes
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
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 $0 ($1,867,372) ($5,986,330) ($6,274,940)
Revenue
General Fund $0 $1,867,372 $5,986,330 $6,274,940
Other Special Revenue Funds $0 $100,288 $359,610 $459,170
Fiscal Detail and Notes
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.