126th MAINE LEGISLATURE
LD 1370 LR 2003(01)
An Act To Exempt from Sales Tax the Sales of Adaptive Equipment To Make a Vehicle Handicapped Accessible
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Saucier of Presque Isle
Committee: Taxation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2013-14 FY 2014-15 Projections  FY 2015-16 Projections  FY 2016-17
Net Cost (Savings)
General Fund $42,750 $59,337 $61,889 $64,550
Revenue
General Fund ($42,750) ($59,337) ($61,889) ($64,550)
Other Special Revenue Funds ($2,250) ($3,123) ($3,257) ($3,397)
Fiscal Detail and Notes
Exempting from the sales tax the purchase of adaptive equipment by a person with a disability or a family member of a person with a disability for installation in or on a motor vehicle will reduce General Fund revenue by $42,750 in FY 2013-14 and by $59,337 in FY 2014-15 and Muncipal Revenue Sharing by $2,250 in FY 2013-14 and by $3,123 in FY 2014-15.