130th MAINE LEGISLATURE
		LD 538		LR 996(01)
	An Act To Exempt Trailers Sold to Out-of-state Entities from Sales and Use Tax
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Miramant of Knox
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2021-22	FY 2022-23	Projections  FY 2023-24	Projections  FY 2024-25
Net Cost (Savings)
	General Fund		$104,500	$117,420	$120,935	$124,545
Revenue
	General Fund		($104,500)	($117,420)	($120,935)	($124,545)
	Other Special Revenue Funds		($5,500)	($6,180)	($6,365)	($6,555)
Fiscal Detail and Notes
	The bill provides a sales tax exemption for trailers purchased by out-of-state entities.  It reduces General Fund revenue by $104,500 in fiscal year 2021-22 and by $117,420 in fiscal year 2022-23.  It also reduces Local Government Fund revenue by $5,500 in fiscal year 2021-22 and $6,180 in fiscal year 2022-23.