126th MAINE LEGISLATURE
LD 720 LR 1277(03)
An Act To Eliminate Sales Tax Exemptions for Snowmobiles and All-terrain Vehicles Purchased by Nonresidents for Use in the State
Fiscal Note for Bill as Engrossed with:
C "A" (H-42)
Committee: Taxation
             
Fiscal Note
FY 2013-14 FY 2014-15 Projections  FY 2015-16 Projections  FY 2016-17
Net Cost (Savings)
General Fund ($56,786) ($78,375) ($81,320) ($84,455)
Revenue
General Fund $56,786 $78,375 $81,320 $84,455
Other Special Revenue Funds $2,989 $4,125 $4,280 $4,445
Fiscal Detail and Notes
Narrowing the sales tax exemption on all-terrain vehicles and snowmobiles purchased in the State by nonresidents to purchases that are immediately removed from the State will increase General Fund revenue and Municipal Revenue Sharing.