122nd MAINE LEGISLATURE
LD 535 LR 1829(01)
An Act To Clarify for Tax Purposes That Manure Removal and Storage Are Operations Directly Involved in the Raising and Care of Livestock
Fiscal Note for Original Bill
Sponsor: Sen. Weston of Waldo
Committee: Taxation
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
General Fund $18,449 $26,648 $27,685 $28,792
Revenue
General Fund ($18,449) ($26,648) ($27,685) ($28,792)
Other Special Revenue Funds ($991) ($1,432) ($1,519) ($1,579)
Fiscal Detail and Notes
The expansion of a sales tax exemption to include the removal and storage of manure related to livestock production is expected to reduce General Fund revenue by $18,449 in fiscal year 2005-06 and $26,648 in fiscal year 2006-07.