LD 1755 LR 2814(02)
An Act To Provide a Sales Tax Exemption for Nonprofit Heating Assistance Organizations
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
Minor cost increase - General Fund
Minor revenue decrease - General Fund
Minor revenue decrease - Other Special Revenue Funds
Fiscal Detail and Notes
This legislation proposes a sales tax exemption for 501(c)(3) organizations that provide residential heating assistance to low-income individuals.  General Fund and Local Government Fund revenues would be reduced by minor amounts not requiring any change to the budget.  Any additional costs to the Department of Administrative and Financial Services associated with this legislation can be absorbed within existing budgeted resources.