LD 1732 LR 2066(01)
An Act To Amend the Sales Tax Exemption for Nonprofit Housing Development Organizations 
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Gere of Kennebunkport
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 $0 $33,250 $33,250 $33,250
General Fund $0 ($33,250) ($33,250) ($33,250)
Other Special Revenue Funds $0 ($1,750) ($1,750) ($1,750)
Fiscal Detail and Notes
The bill provides a sales tax exemption to nonprofit housing development organizations and would result in a reduction in General Fund revenue of $33,250 beginning in fiscal year 2022-23 and a reduction in Local Government Fund revenue of $1,750 beginning in fiscal year 2022-23.