131st MAINE LEGISLATURE
		LD 1051		LR 426(02)
	An Act to Protect Maine People from Inflation by Exempting Gold and Silver Coins and Bullion from the State Sales and Use Tax
	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		$430,350	$1,084,900	$1,029,800	$998,450
Revenue
	General Fund		($430,350)	($1,084,900)	($1,029,800)	($998,450)
	Other Special Revenue Funds		($22,650)	($57,100)	($54,200)	($52,550)
Fiscal Detail and Notes
	This bill provides a sales and use tax exemption for sales of gold and silver coins and bullion. It will reduce General Fund revenue by $430,350 in fiscal year 2023-24 and $1,084,900 in fiscal year 2024-25. It will also reduce Local Government Fund revenue by $22,650 in fiscal year 2023-24 and $57,100 in fiscal year 2024-25.