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126th MAINE LEGISLATURE |
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LD 979 |
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LR 1624(02) |
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An Act To Exempt
the Sale of the United States Flag from the Sales Tax |
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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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$171,000 |
$238,032 |
$248,743 |
$259,937 |
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| Revenue |
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General Fund |
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($171,000) |
($238,032) |
($248,743) |
($259,937) |
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Other Special Revenue Funds |
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($9,000) |
($12,528) |
($13,092) |
($13,681) |
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| Fiscal Detail
and Notes |
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Exempting the sale
of the United States flag made entirely of cloth or similar material will
reduce General Fund revenue by $171,000 in FY 2013-14 and by $238,032 in FY
2014-15 and Municipal Revenue Sharing by $9,000 in FY 2013-14 and by $12,528
in FY 2014-15. |
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