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126th MAINE LEGISLATURE |
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LD 728 |
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LR 1414(01) |
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An Act To Amend
the Laws Dealing with the Taxing of Extended Warranty Claims for Trucks |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Sen. Thomas of Somerset |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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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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$1,960,800 |
$2,561,295 |
$2,676,553 |
$2,796,998 |
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| Revenue |
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General Fund |
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($1,960,800) |
($2,561,295) |
($2,676,553) |
($2,796,998) |
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Other Special Revenue Funds |
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($103,200) |
($134,805) |
($140,872) |
($147,211) |
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| Fiscal Detail
and Notes |
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Exempting from the
sales tax parts used in truck repairs under an extended service contract will
reduce General Fund revenue by $1,960,800 in FY 2013-14 and $2,561,295 in FY
2014-15 and Municipal Revenue Sharing by $103,200 in FY 2013-14 and $134,805
in FY 2014-15. |
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