125th MAINE LEGISLATURE
		LD 946		LR 513(02)
	An Act To Amend the Sales and Use Tax Exemption for an Aircraft Purchased Outside of Maine by Nonresidents
	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		$444,600	$577,980	$595,319	$617,942
Revenue
	General Fund		($444,600)	($577,980)	($595,319)	($617,942)
	Other Special Revenue Funds		($23,400)	($30,420)	($31,333)	($32,523)
Fiscal Detail and Notes
	Expanding the current exemption from sales and use tax for aircraft purchased or leased by a nonresident to include the sale and lease of all aircraft regardless of the purchaser's residency, exempting the sale of aircraft repair and replacement parts from the sales and use tax and removing limitations on the use of an aircraft by nonresidents during the 12 months following purchase will reduce revenue to the General Fund and reduce revenue sharing starting in fiscal year 2011-12.