125th MAINE LEGISLATURE
LD 234 LR 633(02)
An Act To Provide a Sales Tax Exemption to Commercial Horticulturists
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
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.