128th MAINE LEGISLATURE
LD 1734 LR 2587(02)
An Act To Clarify the Sales Tax Exemption for Vehicles Used in Interstate or Foreign Commerce
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Net Cost (Savings)
General Fund $0 $1,764,000 $855,000 $855,000
Revenue
General Fund $0 ($1,764,000) ($855,000) ($855,000)
Other Special Revenue Funds $0 ($36,000) ($45,000) ($45,000)
Fiscal Detail and Notes
The bill expands a sales tax exemption for property placed in interstate commerce or intrastate commerce and would result in a reduction in General Fund revenue of $1,764,000 and Local Government Fund revenue of $36,000 in fiscal year 2018-19.