132nd MAINE LEGISLATURE
		LD 1954		LR 1889(02)
	An Act to Lower Household Costs by Expanding the Sales Tax Exemption for Certain Grocery Staples Sold in Grocery Stores
	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		$0	$17,955,000	$17,385,000	$17,480,000
Revenue
	General Fund		$0	($17,955,000)	($17,385,000)	($17,480,000)
	Other Special Revenue Funds		$0	($945,000)	($915,000)	($920,000)
Fiscal Detail and Notes
	The bill would result in a revenue decrease to the General Fund of $17,955,000 in fiscal year 2026-27, $17,385,000 in fiscal year 2027-28 and $17,480,000 in fiscal year 2028-29 from updating the sales tax fairness credit.  The bill would also result in a revenue decrease to the Local Government Fund of $945,000 in fiscal year 2026-27, $915,000 in fiscal year 2027-28 and $920,000 in fiscal year 2028-29.