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126th MAINE LEGISLATURE |
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LD 741 |
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LR 1248(02) |
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An Act To Promote
Fairness in the Sales Tax Exemption for Vehicles Used in Interstate Commerce |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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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$342,000 |
$446,310 |
$466,394 |
$487,381 |
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| Revenue |
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General Fund |
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($342,000) |
($446,310) |
($466,394) |
($487,381) |
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Other Special Revenue Funds |
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($18,000) |
($23,490) |
($24,547) |
($25,652) |
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| Fiscal Detail
and Notes |
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Exempting from
the sales tax property placed in use as an instrumentality of interstate or
foreign commerce by the purchaser that is without operating authority under
49 Code of Federal Regulations, Section 392-9a reduces General Fund revenue
by $342,000 in FY 2013-14 and by $446,310 in FY 2014-15 and Municipal Revenue
Sharing by $18,000 in FY 2013-14 and $23,490 in FY 2014-15. |
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