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129th MAINE LEGISLATURE |
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LD 424 |
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LR 2028(02) |
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An Act To Provide
a Sales Tax Exemption for Baling Twine, Net and Wrapping for Hay |
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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 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Net Cost
(Savings) |
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General Fund |
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$44,175 |
$60,420 |
$61,940 |
$63,460 |
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| Revenue |
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General Fund |
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($44,175) |
($60,420) |
($61,940) |
($63,460) |
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Other Special Revenue Funds |
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($2,325) |
($3,180) |
($3,260) |
$3,340 |
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| Fiscal Detail
and Notes |
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The bill provides
a sales tax exemption for baling twine, net and wrapping for hay and would
result in a loss of General Fund revenue of $44,175 in fiscal year 2019-20
and $60,420 in fiscal year 2020-21. It
would also result in a loss of Other Special Revenue Funds revenue of $2,325
in fiscal year 2019-20 and $3,180 in fiscal year 2020-21. |
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