131st MAINE LEGISLATURE
		LD 66		LR 250(02)
	An Act to Prohibit the Taxation of Drinking Water
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2023-24	FY 2024-25	Projections  FY 2025-26	Projections  FY 2026-27
Net Cost (Savings)
	General Fund		$2,187,850	$5,332,350	$5,459,650	$5,650,600
Revenue
	General Fund		($2,187,850)	($5,332,350)	($5,459,650)	($5,650,600)
	Other Special Revenue Funds		($115,150)	($280,650)	($287,350)	($297,400)
Fiscal Detail and Notes
	This bill provides that bottled water is exempt from sales tax as a grocery staple. Assuming an effective date of January 1, 2024, it will reduce General Fund revenue by $2,187,850 in fiscal year 2023-24 and $5,332,350 in fiscal year 2024-25. It will also reduce Local Government Fund revenue by $115,150 in fiscal year 2023-24 and $280,650 in fiscal year 2024-25.