132nd MAINE LEGISLATURE
		LD 1960		LR 2333(02)
	An Act to Exempt Electronic Smoking Devices or Other Tobacco Products Containing Ingestible Hemp from the Tax Imposed on Tobacco Products
	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		$44,400	$91,300	$95,800	$100,700
Revenue
	General Fund		($44,400)	($91,300)	($95,800)	($100,700)
	Other Special Revenue Funds		($100)	($200)	($200)	($200)
Fiscal Detail and Notes
	This bill includes a revenue decrease to the General Fund of $44,400 in fiscal year 2025-26 and $91,300 in fiscal year 2026-27 by providing tax exemptions on sales of electronic smoking devices or other tobacco products containing ingestible consumer products containing hemp or cannabidiol derived from hemp. The bill also includes a revenue decrease to the Local Government Fund of $100 in fiscal year 2025-26 and $200 in fiscal year 2026-27.