124th MAINE LEGISLATURE
LD 450 LR 851(01)
An Act To Clarify the Sales Tax Exemption for Commercial Agricultural Crop Production
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Saviello of Wilton
Committee: Taxation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
2009-10 2010-11 Projections 2011-12 Projections 2012-13
Net Cost (Savings)
General Fund $26,250 $35,500 $36,000 $37,000
Revenue
General Fund ($26,250) ($35,500) ($36,000) ($37,000)
Fiscal Detail and Notes
This bills expands the sales tax exemption for products used in commercial agricultural crop production to apply to silvicultural (forestry) crop production.  The expansion of the sales tax exemption is expected to reduce sales tax revenue. The administrative cost to Maine Revenue Services to enact this legislation can be absorbed within existing budgeted resources.