LD 126 LR 255(02)
An Act To Provide a Sales Tax Exemption to Incorporated Nonprofit Performing Arts Organizations
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 $61,560 $85,609 $89,410 $93,166
General Fund ($61,560) ($85,609) ($89,410) ($93,166)
Other Special Revenue Funds ($3,240) ($4,506) ($4,706) ($4,903)
Fiscal Detail and Notes
This bill exempts incorporated nonprofit performing arts organizations from the sales tax effective October 1, 2013.  The exemption will reduce General Fund revenue and Municipal Revenue Sharing revenue beginning in fiscal year 2013-14.  Any additional costs associated with administering this exemption can be absorbed by Maine Revenue Services within existing budgeted resources.