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131st MAINE LEGISLATURE |
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LD 2076 |
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LR 2852(02) |
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An Act to Exempt
from Excise Tax Vehicles of Active Duty Service Members Stationed
Out-of-state |
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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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No state fiscal impact
Minor revenue decrease - Municipalities
Minor savings - Municipalities |
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Fiscal Detail
and Notes |
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As excise tax is
collected and retained by municipalities, this bill has no State fiscal
impact. Extending the exemption to additional active duty service members
will reduce municipal excise tax collections and repealing the requirement to
adopt an ordinance to provide an excise tax exemption will decrease muncipal
costs. The municipal revenue and cost impacts are expected to be minor. |
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