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130th MAINE LEGISLATURE |
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LD 1277 |
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LR 265(02) |
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An Act To Remove
Sales and Use Taxation on Monetary Metals |
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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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$264,687 |
$539,962 |
$543,400 |
$553,850 |
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| Revenue |
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General Fund |
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($264,687) |
($539,962) |
($543,400) |
($553,850) |
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Other Special Revenue Funds |
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($10,313) |
($21,038) |
($28,600) |
($29,150) |
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| Fiscal Detail
and Notes |
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The bill provides
a sales tax exemption on monetary metals and will result in a reduction in
General Fund revenue of $264,687 in fiscal year 2021-22 and $539,962 in
fiscal year 2022-23. It will also
result in a reduction in Local Government Fund revenue of $10,313 in fiscal
year 2021-22 and $21,038 in fiscal year 2022-23. |
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