130th MAINE LEGISLATURE
		LD 2030		LR 2676(02)
	An Act Regarding Taxation of Energy Storage Facilities and Equipment
	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		$0	$1,961,750	$2,802,500	$840,750
Revenue
	General Fund		$0	($1,961,750)	($2,802,500)	($840,750)
	Other Special Revenue Funds		$0	($103,250)	($147,500)	($44,250)
Fiscal Detail and Notes
	The bill provides a sales tax exemption for certain energy storage equipment and will reduce General Fund revenue and Local Government Fund revenue by $1,961,750 and $103,250, respectively, in fiscal year 2022-23.
	Any additional costs to various departments and agencies from the provisions in this bill are expected to be minor and can be absorbed within existing budgeted resources.