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131st MAINE LEGISLATURE |
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LD 1184 |
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LR 312(02) |
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An Act to Exempt
Certain Prescribed Home Medical Supplies from Sales Tax |
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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 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$175,000 |
$433,000 |
$458,000 |
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| Revenue |
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General Fund |
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$0 |
($175,000) |
($433,000) |
($458,000) |
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Other Special Revenue Funds |
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$0 |
($7,000) |
($23,000) |
($24,000) |
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| Fiscal Detail
and Notes |
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Providing a sales
tax exemption for durable medical equipment, breast pumps and related
supplies and mobility enhancing equipment beginning January 1, 2025 will
decrease revenue to the General Fund by $175,000 in fiscal year 2024-25 and
decrease revenue to the Local Government Fund by $7,000 in fiscal year
2024-25. |
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