131st MAINE LEGISLATURE
		LD 708		LR 1842(02)
	An Act to Establish a Sales Tax Holiday Weekend
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2023-24	FY 2024-25	Projections  FY 2025-26	Projections  FY 2026-27
Net Cost (Savings)
	General Fund		$16,912,850	$17,013,550	$17,260,550	$17,517,050
Revenue
	General Fund		($16,912,850)	($17,013,550)	($17,260,550)	($17,517,050)
	Other Special Revenue Funds		($890,150)	($895,450)	($908,450)	($921,950)
Fiscal Detail and Notes
	This bill provides an annual 3-day sales tax holiday the second weekend in November beginning in 2023. It will  reduce General Fund revenue by $16,912,850 in fiscal year 2023-24 and $17,013,550 in fiscal year 2024-25. It will also reduce Local Government Fund revenue by $890,150 in fiscal year 2023-24 and $895,450 in fiscal year 2024-25.