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130th MAINE LEGISLATURE |
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LD 1732 |
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LR 2066(02) |
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An Act To Amend
the Sales Tax Exemption for Nonprofit Housing Development Organizations |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$33,250 |
$33,250 |
$33,250 |
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| Revenue |
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General Fund |
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$0 |
($33,250) |
($33,250) |
($33,250) |
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Other Special Revenue Funds |
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$0 |
($1,750) |
($1,750) |
($1,750) |
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| Fiscal Detail
and Notes |
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The bill provides
a sales tax exemption to nonprofit housing development organizations and
would result in a reduction in General Fund revenue of $33,250 beginning in
fiscal year 2022-23 and a reduction in Local Government Fund revenue of
$1,750 beginning in fiscal year 2022-23. |
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