124th MAINE LEGISLATURE
		LD 1540		LR 2219(04)
	An Act To Amend the Tax Laws
	Fiscal Note for Senate Amendment "   " to Committee Amendment "A"
	Sponsor: Sen. Perry of Penobscot
	Fiscal Note Required: Yes
Fiscal Note
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		$0	$753,667	$532,000	$532,000
Revenue
	General Fund		$0	($753,667)	($532,000)	($532,000)
	Other Special Revenue Funds		$0	($39,667)	($28,000)	($28,000)
Fiscal Detail and Notes
	Allowing lessors of tangible personal property to use sales tax collected in error, less any refunds of same to customers, to offset an assessment against the lessor for use tax on that same tangible personal property will result in revenue reduction to the General Fund of approximately $753,667 in fiscal year 2010-11 and $532,000 in revenue reduction in subsequent fiscal years.