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130th MAINE LEGISLATURE |
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LD 1937 |
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LR 2484(02) |
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An Act To Clarify
the Exemption from Income Tax and Withholding Tax Liability for Certain
Out-of-state Suppliers of Spirits Purchased by the Bureau of Alcoholic
Beverages and Lottery Operations |
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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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$0 |
$365,750 |
$377,150 |
$388,550 |
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| Revenue |
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General Fund |
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$0 |
($365,750) |
($377,150) |
($388,550) |
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Other Special Revenue Funds |
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$0 |
($19,250) |
($19,850) |
($20,450) |
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| Fiscal Detail
and Notes |
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This bill
provides an exemption from income tax to certain manufacturers of spirits or
suppliers of spirits located outside of the State and would result in a
reduction in General Fund revenue of $365,750 and a reduction in Local
Government Fund revenue of $19,250 in fiscal year 2022-23. |
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