| 122nd MAINE LEGISLATURE | |||||||||
| LD 672 | LR 0971(01) | ||||||||
| An Act To Promote Ornamental Horticulture by Amending the Definition of "Commercial Agricultural Production" | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Fletcher of Winslow | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $715,162 | $1,001,425 | $1,063,399 | $1,121,103 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $22,000 | $0 | $0 | $0 | |||||
| Revenue | |||||||||
| General Fund | ($693,162) | ($1,001,425) | ($1,063,399) | ($1,121,103) | |||||
| Other Special Revenue Funds | ($38,022) | ($54,930) | ($58,330) | ($61,495) | |||||
| Fiscal Detail and Notes | |||||||||
| Changing the sales and use tax provisions for commercial agricultural production is expected to reduce General Fund revenue by $693,162 in fiscal year 2005-06 and $1,001,425 in fiscal year 2006-07. Maine Revenue Services will also require a one-time appropriation of $22,000 for retailer education costs. | |||||||||