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130th MAINE LEGISLATURE |
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LD 435 |
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LR 1319(02) |
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An Act To Provide
a Sales and Use Tax Exemption for Certain Educational Collaboratives |
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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 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
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General Fund |
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$6,900 |
$3,800 |
$3,800 |
$3,800 |
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| Appropriations/Allocations |
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General Fund |
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$5,000 |
$0 |
$0 |
$0 |
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| Revenue |
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General Fund |
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($1,900) |
($3,800) |
($3,800) |
($3,800) |
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Other Special Revenue Funds |
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($100) |
($200) |
($200) |
($200) |
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| Fiscal Detail
and Notes |
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The bill provides
a sales tax exemption for certain educational collaboratives and would result
in a reduction in General Fund revenue of $1,900 in fiscal year 2021-22 and
$3,800 in fiscal year 2022-23. It
would also result in a reduction in Local Government Fund revenue of $100 in
fiscal year 2021-22 and $200 in fiscal year 2022-23. The bill includes a one-time General Fund
appropriation of $5,000 in fiscal year 2021-22 to the Department of
Administrative and Financial Services for computer programming costs to
create a new sales tax exemption certificate. |
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