130th MAINE LEGISLATURE
		LD 1937		LR 2484(05)
	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
	Fiscal Note for Bill as Engrossed with: C "A" (S-548) S "A" (S-637) to C "A" (S-548)
	Committee: Taxation
Fiscal Note
			FY 2021-22	FY 2022-23	Projections  FY 2023-24	Projections  FY 2024-25
Net Cost (Savings)
	General Fund		$0	$0	$377,150	$388,550
Revenue
	General Fund		$0	($365,750)	($377,150)	($388,550)
	Other Special Revenue Funds		$0	($19,250)	($19,850)	($20,450)
Transfers
	General Fund		$0	$365,750	$0	$0
Fiscal Detail and Notes
	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.
	The bill includes a one-time transfer from the Liquor Operation Revenue Fund within the Maine Municipal Bond Bank to the unappropriated surplus of the General Fund of $365,750 in fiscal year 2022-23 to offset the General Fund revenue loss in that year. The Liquor Operation Revenue Fund currently has sufficient funding to accommodate the one-time transfer.