132nd MAINE LEGISLATURE
		LD 192		LR 122(01)
	An Act to Exempt from State Sales Tax Utility Vehicles Purchased for Use in Commercial Fishing, Agricultural Production, Aquacultural Production and Wood Harvesting
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Faulkingham of Winter Harbor
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund		$92,150	$226,100	$233,700	$241,300
Revenue
	General Fund		($92,150)	($226,100)	($233,700)	($241,300)
	Other Special Revenue Funds		($4,850)	($11,900)	($12,300)	($12,700)
Fiscal Detail and Notes
	This bill includes a revenue decrease to the Bureau of Revenue Services within the Department of Administrative and Financial Services of $92,150 in fiscal year 2025-26 and $226,100 in fiscal year 2026-27 by including utility vehicles in the existing sales tax refund for purchases of depreciable machinery and equipment for use in commercial agricultural production, commercial fishing, commercial aquacultural production or commercial wood harvesting effective January 1, 2026.