130th MAINE LEGISLATURE
LD 1890 LR 2393(03)
An Act To Equalize Sales Tax Treatment of Certain Vehicles
Fiscal Note for Bill as Engrossed with:
C "A" (H-841)
Committee: Taxation
             
Fiscal Note
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $0 ($138,937) ($42,750) $4,750
Revenue
General Fund $0 $138,937 $42,750 ($4,750)
Other Special Revenue Funds $0 $7,313 $152,250 $199,750
Fiscal Detail and Notes
The bill would result in an increase in General Fund revenue of $138,937 and an increase in Local Government Fund revenue of $7,313 in fiscal year 2022-23.  Additionally, in the next biennium the Multimodal Transportation Fund within the Department of Transportation will increase by $142,500 in fiscal year 2023-24 and $190,000 in fiscal year 2024-25 from increases in vehicle rental sales tax.