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126th MAINE LEGISLATURE |
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LD 1252 |
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LR 1157(03) |
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An Act To Improve
Maine's Economy and Energy Security with Solar and Wind Energy |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Energy, Utilities and Technology |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2013-14 |
FY 2014-15 |
Projections FY 2015-16 |
Projections FY 2016-17 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$532,950 |
$503,880 |
$366,824 |
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| Revenue |
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General Fund |
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$0 |
($532,950) |
($503,880) |
($366,824) |
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Other Special Revenue Funds |
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$0 |
($28,050) |
($26,520) |
($19,307) |
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| Fiscal Detail
and Notes |
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This bill
temporarily exempts solar photovoltaic systems and solar thermal systems from
the sales tax and results in a reduction in General Fund revenue and in the
transfer to the Local Government Fund of $532,950 and $28,050, respectively,
in fiscal year 2014-15. The sales tax exemption will expire on December 31,
2016. |
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Any additional
costs to Efficiency Maine Trust for monitoring federal tax credits for
residential energy efficiency are expected to be minor and can be absorbed
within existing budgeted resources. |
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