126th MAINE LEGISLATURE
		LD 279		LR 490(06)
	An Act To Sustain Maine's Aviation Industry by Extending the Exemption from Sales and Use Tax for Aircraft and Parts
	Fiscal Note for Bill as Engrossed with: C "A" (S-55) S "A" (S-335) to C "A" (S-55)
	Committee: Taxation
Fiscal Note
Future biennium revenue decrease - General Fund
Fiscal Detail and Notes
	The extension of the sunset date for this sales and use tax exemption for aircraft and aircraft parts until June 30, 2033 will reduce General Fund revenue beginning in fiscal year 2021-22 through 2032-33 by roughly $700,000 annually based on the annual impact estimated for fiscal year 2016-17.