126th MAINE LEGISLATURE
LD 728 LR 1414(02)
An Act To Amend the Laws Dealing with the Taxing of Extended Warranty Claims for Trucks
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
FY 2013-14 FY 2014-15 Projections  FY 2015-16 Projections  FY 2016-17
Net Cost (Savings)
General Fund ($274,512) ($256,129) ($248,229) ($253,832)
Revenue
General Fund $274,512 $256,129 $248,229 $253,832
Other Special Revenue Funds $14,448 $13,481 $13,791 $14,102
Fiscal Detail and Notes
Applying a sales tax on extended service contracts for trucks but exempting from the sales tax parts used in truck repairs under the extended service contract increases General Fund revenue by $274,512 in FY 2013-14 and $256,129 in FY 2014-15 and Municipal Revenue Sharing by $14,448 in FY 2013-14 and $13,481 in FY 2014-15.