|
|
|
|
|
|
|
|
132nd MAINE LEGISLATURE |
|
|
LD 1752 |
|
LR 1005(01) |
|
|
|
An Act to Exempt
Broadband Equipment from Sales and Use Tax |
|
Preliminary Fiscal
Impact Statement for Original Bill |
|
Sponsor: Rep. Ducharme of Madison |
|
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 |
|
$2,670,000 |
$6,637,000 |
$6,973,000 |
$7,285,000 |
|
|
|
|
|
|
|
| Revenue |
|
|
|
|
|
|
General Fund |
|
($2,670,000) |
($6,637,000) |
($6,973,000) |
($7,285,000) |
|
Other Special Revenue Funds |
|
($111,000) |
($348,000) |
($365,000) |
($382,000) |
|
|
|
|
|
|
|
| Fiscal Detail
and Notes |
|
|
|
|
|
|
This bill includes
a revenue decrease to the General Fund of $2,670,000 in fiscal year 2025-26
and $6,637,000 in fiscal year 2026-27 by providing sales and use tax
exemptions from sales to broadband communications service providers of
machinery and equipment used to provide broadband communications services
effective January 1, 2026. The bill also includes a revenue decrease to the
Local Government Fund of $111,000 in fiscal year 2025-26 and $348,000 in
fiscal year 2026-27. |
|
|
|
|
|
|
|