131st MAINE LEGISLATURE
		LD 1755		LR 1462(02)
	An Act to Exempt All Youth Development Nonprofit Organizations from Sales Tax and the Service Provider 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		$83,480	$164,350	$169,100	$173,850
Appropriations/Allocations
	General Fund		$3,680	$0	$0	$0
Revenue
	General Fund		($79,800)	($164,350)	($169,100)	($173,850)
	Other Special Revenue Funds		($4,200)	($8,650)	($8,900)	($9,150)
Fiscal Detail and Notes
	This bill provides a sales and service provider tax exemption for sales on or after January 1, 2024 to nonprofit youth organizations exempt from taxation under Section 501(c)(3) of the United States Internal Revenue Code. It will reduce General Fund revenue by $79,800 in fiscal year 2023-24 and $164,350 in fiscal year 2024-25. It will also reduce Local Government Fund revenue by $4,200 in fiscal year 2023-24 and $8,650 in fiscal year 2024-25. The bill includes a one-time General Fund appropriation of $3,680 in fiscal year 2023-24 to the Department of Administrative and Financial Services, Bureau of Revenue Services for administrative costs associated with implementing the tax exemption.