130th MAINE LEGISLATURE
		LD 1140		LR 274(02)
	An Act To Establish a Sales Tax Exemption for the Purchase of Firearm Safety Devices
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2021-22	FY 2022-23	Projections  FY 2023-24	Projections  FY 2024-25
Net Cost (Savings)
	General Fund		$42,350	$85,662	$86,450	$88,350
Revenue
	General Fund		($42,350)	($85,662)	($86,450)	($88,350)
	Other Special Revenue Funds		($1,650)	($3,338)	($4,550)	($4,650)
Fiscal Detail and Notes
	The bill provides a sales tax exemption for certain items used to secure firearms and would result in a reduction in General Fund revenue of $42,350 in fiscal year 2021-22 and $85,662 in fiscal year 2022-23.  It would also result in a reduction in Local Government Fund revenue of $1,650 in fiscal year 2021-22 and $3,338 in fiscal year 2022-23.