LD 1362 LR 208(01)
An Act To Excuse Certain Marketplace Sellers and Facilitators for Failing To Collect and Remit Sales and Use Taxes on Ammunition Sales
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Davis, Sr. of Piscataquis
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 $9,625 $0 $0 $0
General Fund ($9,625) $0 $0 $0
Other Special Revenue Funds ($375) $0 $0 $0
Fiscal Detail and Notes
The bill waives penalties and interest for marketplace facilitators and sellers that sold ammunition between July 1, 2018 and September 1, 2021 and did not remit sales tax if the entity subsequently remits the sales tax owed by October 31, 2021.  This will reduce General Fund revenue by $9,625 in fiscal year 2021-22 and reduce Local Government Fund revenue by $375 in fiscal year 2021-22.