126th MAINE LEGISLATURE
		LD 318		LR 924(01)
	An Act To Establish a Sales Tax Holiday for Purchases Made during the Month of January
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Rykerson of Kittery
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Current biennium revenue decrease - General Fund
Fiscal Detail and Notes
	This bill proposes a sales tax holiday during the month of January for tangible personal property items costing $1,000 or less.  Bills proposing sales tax holidays presented in previous legislative sessions have had fiscal notes identifying General Fund revenue reductions in the $3 million to $6 million range, although these earlier bills suggested implementing different sales tax holidays, such as during Columbus Day weekend or during a weekend in August.  No estimate of revenue loss is available for this bill at this time, but a specific estimate will be made for the committee report or reports.