121st Maine Legislature
		Office of Fiscal and Program Review
		LD 187
		An Act To Fairly Assess Sales Tax on Vehicles
		LR 0629(01)
		Fiscal Note for Original Bill
		Sponsor: Rep Tobin
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$88,437	$73,747	$76,697	$79,765
Revenue
	General Fund		($88,437)	($73,747)	($76,697)	($79,765)
	Other Special Revenue Funds		($4,851)	($4,045)	($4,207)	($4,375)
Fiscal Detail and Notes
	Exempting certain casual sales from the sales tax is expected to reduce sales tax collections by $93,288 in fiscal year 2003-04 and $77,792 in fiscal year 2004-05.  The reduction of these tax collections will decrease amounts transferred to the Local Government Fund for state-municipal revenue sharing in those years by $4,851 and $4,045.  The resulting net reduction of General Fund revenue is estimated to be $88,437 in fiscal year 2003-04 and $73,747 in fiscal year 2004-05