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129th MAINE LEGISLATURE |
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LD 732 |
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LR 499(01) |
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An Act To Provide
a Sales Tax Exemption for Nonprofit Career and Technical Student
Organizations |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Tipping of Orono |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Net Cost
(Savings) |
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General Fund |
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$6,330 |
$1,957 |
$2,016 |
$2,076 |
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| Appropriations/Allocations |
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General Fund |
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$5,000 |
$0 |
$0 |
$0 |
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| Revenue |
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General Fund |
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($1,330) |
($1,957) |
($2,016) |
($2,076) |
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Other Special Revenue Funds |
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($70) |
($103) |
($106) |
($109) |
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| Fiscal Detail
and Notes |
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The bill provides
a sales tax exemption for sales to career and technical student organizations
and would result in a reduction in General Fund revenue of $1,330 in fiscal
year 2019-20 and $1,957 in fiscal year 2020-21. It would also result in a reduction in
Local Government Fund revenue of $70 in fiscal year 2019-20 and $103 in
fiscal year 2020-21. The Department of
Administrative and Financial Services will require a one-time General Fund
appropriation of $5,000 in fiscal year 2019-20 for computer programming costs
to create an exemption certificate. |
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