130th MAINE LEGISLATURE
		LD 1381		LR 1145(02)
	An Act To Establish a Sales Tax Holiday To Help Maine Businesses Affected by the COVID-19 Pandemic
	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		$14,777,625	$15,298,750	$15,848,000	$16,242,500
Revenue
	General Fund		($14,777,625)	($15,298,750)	($15,848,000)	($16,242,500)
	Other Special Revenue Funds		($560,375)	($369,250)	($602,000)	($609,500)
Fiscal Detail and Notes
	The bill provides for a sales tax holiday weekend and will result in a reduction in General Fund revenue of $14,777,625 in fiscal year 2021-22 and $15,298,750 in fiscal year 2022-23.  It will also result in a reduction in Local Government Fund revenue of $576,375 in fiscal year 2021-22 and $605,250 in fiscal year 2022-23.  The bill will reduce revenue (negative revenue transfers) to the Adult Use Marijuana Public Health and Safety Fund by 16,000 in fiscal year 2021-22 and $22,000 in fiscal year 2022-23 and reduce revenue to the Tourism Marketing Promotion Fund by $214,000 in fiscal year 2022-23.  Additional costs to the Department of Administrative and Financial Services associated with educating retailers on the sales tax holiday can be absorbed within existing budgeted resources.