| 124th MAINE LEGISLATURE | ||||||
| LD 1148 | LR 1251(05) | |||||
| An Act To Designate Sales Tax Holiday Weekends | ||||||
| Fiscal Note for House Amendment " " to Committee Amendment "A" | ||||||
| Sponsor: Rep. Strang Burgess of Cumberland | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2009-10 | 2010-11 | Projections 2011-12 | Projections 2012-13 | |||
| Net Cost (Savings) | ||||||
| General Fund | ($4,546,600) | $0 | $0 | $0 | ||
| Revenue | ||||||
| General Fund | $4,546,600 | $0 | $0 | $0 | ||
| Other Special Revenue Funds | $253,400 | $0 | $0 | $0 | ||
| Fiscal Detail and Notes | ||||||
| This amendment changes the one-time tax holiday from Columbus Day weekend 2009 to the first Saturday in October 2009 and provides restrictions on the items that qualify for sales tax exemption. The changes in the timing and the qualified products reduce the General Fund revenue loss by $4,546,600 and reduce Local Government Fund revenue loss by $253,400. As amended, the bill will reduce General Fund revenue by $1,805,000 and Local Government Fund revenue by $95,000. | ||||||