| 125th MAINE LEGISLATURE | ||||||
| LD 234 | LR 633(01) | |||||
| An Act To Provide a Sales Tax Exemption to Commercial Horticulturists | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Rep. Harvell of Farmington | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| FY 2011-12 | FY 2012-13 | Projections FY 2013-14 | Projections FY 2014-15 | |||
| Net Cost (Savings) | ||||||
| General Fund | $124,688 | $166,250 | $166,250 | $166,250 | ||
| Revenue | ||||||
| General Fund | ($124,688) | ($166,250) | ($166,250) | ($166,250) | ||
| Other Special Revenue Funds | ($6,563) | ($8,750) | ($8,750) | ($8,750) | ||
| Fiscal Detail and Notes | ||||||
| Providing a sales tax exemption for products used in commercial agricultural production will reduce General Fund revenue by $166,250 annually and will reduce revenue sharing. | ||||||