124th MAINE LEGISLATURE
		LD 1335		LR 1747(02)
	An Act To Exempt from the Sales Tax Meals Provided at Retirement Facilities
	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		$521,400	$507,114	$523,746	$544,868
Revenue
	General Fund		($521,400)	($507,114)	($523,746)	($544,868)
	Other Special Revenue Funds		($28,600)	($53,886)	($54,084)	($56,075)
Fiscal Detail and Notes
	This bill exempts meals served at a full-service retirement facility from sales tax effective October 1, 2009.  It also provides a retroactive exemption for any sales tax audit assessments not made before April 1, 2009. The ongoing loss of sales tax revenue will cause a General Fund loss of $521,400 in FY 2009-10 and $507,114 in FY 2010-11. The Local Government Fund revenue will be reduced by $28,600 in FY 2009-10 and $29,172 in FY 2010-11. The Tourism Marketing and Promotion Fund, which receives a portion of sales tax revenue on meals, will experience a revenue loss of $24,714 beginning in FY 2010-11.