|
|
|
|
|
|
|
|
130th MAINE LEGISLATURE |
|
|
LD 538 |
|
LR 996(02) |
|
|
|
An Act To Exempt
Trailers Sold to Out-of-state Entities from Sales and Use Tax |
|
Fiscal Note for
Bill as Amended by Committee Amendment " " |
|
Committee: Taxation |
|
Fiscal Note Required: Yes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Note |
|
|
|
|
|
|
|
|
|
|
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 $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. |
|
|
|
|
|
|
|