126th MAINE LEGISLATURE
		LD 728		LR 1414(03)
	An Act To Amend the Laws Dealing with the Taxing of the Purchase of Extended Service Contracts and Extended Service Contract Claims for Trucks
	Fiscal Note for Bill as Engrossed with: C "A" (S-53)
	Committee: Taxation
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)	($262,020)	($267,934)
Revenue
	General Fund		$274,512	$256,129	$262,020	$267,934
	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.