125th MAINE LEGISLATURE
		LD 809		LR 416(01)
	An Act Regarding the Fairness of Sales Tax on Certain Precious Metals Purchases
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Damon of Bangor
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$427,500	$570,000	$570,000	$570,000
Revenue
	General Fund		($427,500)	($570,000)	($570,000)	($570,000)
	Other Special Revenue Funds		($22,500)	($30,000)	($30,000)	($30,000)
Fiscal Detail and Notes
	Exempting from sales tax every sale of gold, silver, platinum and palladium bars, bullion and coins that is greater than $1,000 in value will reduce revenue to the General Fund and reduce revenue sharing starting in fiscal year 2011-12.