LD 1687 LR 2509(02)
An Act To Amend the Laws Governing the Calculation of Excise Tax on Automobiles
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
Current biennium revenue decrease - Municipalities
Fiscal Detail and Notes
Changing the excise tax calculation from the maker's list price to the purchase price for certain sales would result in a loss of revenue to municipalities.  The Maine Municipal Association has estimated the total statewide loss to all municipalities to be approximately $5,000,000 in the first year.