125th MAINE LEGISLATURE
		LD 1610		LR 2305(07)
	An Act To Amend the Law Regarding the Sale of Wood Pellets
	Fiscal Note for House Amendment "   " to Committee Amendment "A"
	Sponsor: Rep. Harmon of Palermo
	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		$13,063	$54,340	$56,514	$58,775
Revenue
	General Fund		($13,063)	($54,340)	($56,514)	($58,775)
	Other Special Revenue Funds		($687)	($2,860)	($2,974)	($3,093)
Fiscal Detail and Notes
	The amendment expands the sales tax exemption provided under the bill by removing the limit on the amount of wood pellet purchases presumed to be for residential use.  Maine Revenue Services estimates that this change would result in an incremental loss of General Fund revenue of $13,063 in FY 2011-12 and $54,340 in FY 2012-13.  Revenue sharing would also be reduced in each year. The total reduction  in General Fund revenue for the bill as amended is estimated to be $17,813 in FY 2011-12 and $74,100 in FY 2012-13.