126th MAINE LEGISLATURE
		LD 279		LR 490(05)
	An Act To Sustain Maine's Aviation Industry by Extending the Exemption from Sales and Use Tax for Aircraft and Parts
	Fiscal Note for Senate Amendment " " to Committee Amendment "A"
	Sponsor: Sen. Hill of York
	Fiscal Note Required: Yes
Fiscal Note
Future biennium revenue decrease - General Fund
			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
	This amendment eliminates the fiscal impact of the committee amendment in recognition of inclusion in Part VVVV of the Biennial Budget of the extension through June 30, 2021 of the sunset date of the sales and use tax exemption for aircraft and aircraft parts.  As amended, this bill has no fiscal impact through fiscal year 2020-21.  The additional extension of the sunset date for this exemption until June 30, 2033 by this amendment will reduce General Fund revenue in fiscal year 2021-22 through 2032-33 by roughly $700,000 annually based on the annual impact estimated for fiscal year 2016-17.