126th MAINE LEGISLATURE
		LD 279		LR 490(02)
	An Act To Sustain Maine's Aviation Industry by Extending the Exemption from Sales and Use Tax for Aircraft and Parts
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2013-14	FY 2014-15	Projections  FY 2015-16	Projections  FY 2016-17
Net Cost (Savings)
	General Fund		$0	$0	$643,150	$668,800
Revenue
	General Fund		$0	$0	($643,150)	($668,800)
	Other Special Revenue Funds		$0	$0	($33,850)	($35,200)
Fiscal Detail and Notes
	Extending the sales and use tax exemption on aircraft and aircraft parts to June 30, 2033 from June 30, 2015 is projected to reduce General Fund revenue by $643,150 in FY 2015-16 and $668,800 in FY 2016-17 and Municipal Revenue Sharing by $33,850 in FY 2015-16 and by $35,200 in FY 2016-17.