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130th MAINE LEGISLATURE |
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LD 1362 |
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LR 208(01) |
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An Act To Excuse
Certain Marketplace Sellers and Facilitators for Failing To Collect and Remit
Sales and Use Taxes on Ammunition Sales |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Davis, Sr. of Piscataquis |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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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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$9,625 |
$0 |
$0 |
$0 |
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| Revenue |
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General Fund |
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($9,625) |
$0 |
$0 |
$0 |
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Other Special Revenue Funds |
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($375) |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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The bill waives
penalties and interest for marketplace facilitators and sellers that sold
ammunition between July 1, 2018 and September 1, 2021 and did not remit sales
tax if the entity subsequently remits the sales tax owed by October 31, 2021. This will reduce General Fund revenue by
$9,625 in fiscal year 2021-22 and reduce Local Government Fund revenue by
$375 in fiscal year 2021-22. |
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