132nd MAINE LEGISLATURE
		LD 278		LR 646(02)
	An Act to Eliminate the Tobacco Products Tax on Certain Products That Contain Nicotine
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund		$4,767,000	$6,821,000	$7,268,300	$7,744,700
Revenue
	General Fund		($4,767,000)	($6,821,000)	($7,268,300)	($7,744,700)
	Other Special Revenue Funds		($6,000)	($9,000)	($9,700)	($10,300)
Fiscal Detail and Notes
	This bill includes a revenue decrease to the General Fund of $4,767,000 in fiscal year 2025-26 and $6,821,000 in fiscal year 2026-27 by eliminating the tobacco products tax imposed on certain products that contain nicotine but not tobacco. The bill also includes a revenue decrease to the Local Government Fund of $6,000 in fiscal year 2025-26 and $9,000 in fiscal year 2026-27.