LD 126 LR 255(01)
An Act To Provide a Sales Tax Exemption to Incorporated Nonprofit Performing Arts Organizations
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Gerzofsky of Cumberland
Committee: Taxation
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Current biennium revenue decrease - General Fund
Fiscal Detail and Notes
This bill exempts incorporated nonprofit performing arts organizations from the sales tax.  In the 125th Legislature a similar bill was introduced and carried a fiscal note of approximately $47,000 to $49,000 annually to account for the sales tax revenue loss associated with the exemption.  Any additional costs associated with administering this exemption can be absorbed by Maine Revenue Services within existing budgeted resources.