| 124th MAINE LEGISLATURE | ||||||
| LD 1148 | LR 1251(02) | |||||
| An Act To Designate Sales Tax Holiday Weekends | ||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2009-10 | 2010-11 | Projections 2011-12 | Projections 2012-13 | |||
| Net Cost (Savings) | ||||||
| General Fund | $6,351,600 | $0 | $0 | $0 | ||
| Revenue | ||||||
| General Fund | ($6,351,600) | $0 | $0 | $0 | ||
| Other Special Revenue Funds | ($348,400) | $0 | $0 | $0 | ||
| Fiscal Detail and Notes | ||||||
| This bill creates a one-time sales tax holiday during Columbus Day weekend 2009. The loss of sales tax revenue will impact General Fund revenue by $6,351,600 and the loss to the Local Government Fund will be $348,400 during this pilot project. | ||||||