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128th MAINE LEGISLATURE |
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LD 1805 |
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LR 2771(03) |
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An Act To Amend
the Maine Tax Laws |
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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 |
($103,372) |
($5,131,330) |
($5,419,940) |
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| Revenue |
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General Fund |
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$0 |
$103,372 |
$5,131,330 |
$5,419,940 |
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Other Special Revenue Funds |
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$0 |
$64,288 |
$314,610 |
$414,170 |
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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. It also expands a sales tax exemption for
property placed in interstate commerce or intrastate commerce. These provisions would result in a net
increase in General Fund revenue of $103,372 in fiscal year 2018-19 and a net
increase in Local Government Fund revenue of $64,288 in fiscal year 2018-19. |
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