123rd MAINE LEGISLATURE
LD 1094 LR 1515(01)
An Act To Exempt from the Sales Tax Water Used in Agricultural Production
Fiscal Note for Original Bill
Sponsor: Rep. Piotti of Unity
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $59,724 $89,586 $94,065 $98,768
Revenue
General Fund ($59,724) ($89,586) ($94,065) ($98,768)
Other Special Revenue Funds ($3,276) ($4,914) ($5,160) ($5,418)
Fiscal Detail and Notes
Exempting water used in agricultural production from the sales tax will reduce General Fund revenue by an estimated $59,724 in fiscal year 2007-08 and $89,586 in fiscal year 2008-09.