130th MAINE LEGISLATURE
LD 86 LR 86(01)
An Act To Make Sales to Area Agencies on Aging Tax-exempt
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. McCrea of Fort Fairfield
Committee: Taxation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $25,650 $62,700 $63,650 $64,600
Revenue
General Fund ($25,650) ($62,700) ($63,650) ($64,600)
Other Special Revenue Funds ($1,350) ($3,300) ($3,350) ($3,400)
Fiscal Detail and Notes
The bill provides a sales tax exemption to area agencies on aging and would result in a reduction of General Fund revenue of $25,650 in fiscal year 2021-22 and $62,700 in fiscal year 2022-23.  It would also result in a reduction in Local Government Fund revenue of $1,350 in fiscal year 2021-22 and $3,300 in fiscal year 2022-23.