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128th MAINE LEGISLATURE |
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LD 1734 |
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LR 2587(02) |
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An Act To Clarify
the Sales Tax Exemption for Vehicles Used in Interstate or Foreign Commerce |
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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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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 |
$1,764,000 |
$855,000 |
$855,000 |
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Revenue |
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General Fund |
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$0 |
($1,764,000) |
($855,000) |
($855,000) |
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Other Special Revenue Funds |
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$0 |
($36,000) |
($45,000) |
($45,000) |
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Fiscal Detail
and Notes |
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The bill expands
a sales tax exemption for property placed in interstate commerce or
intrastate commerce and would result in a reduction in General Fund revenue
of $1,764,000 and Local Government Fund revenue of $36,000 in fiscal year
2018-19. |
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