121st Maine Legislature
Office of Fiscal and Program Review
LD 62
An Act to Promote Equity Among Health Care Clinics      
LR 0073(01)
Fiscal Note for Original Bill
Sponsor: Rep. Kane
Committee: Taxation
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2003-04 2004-05 2005-06 2006-07
Net Cost (Savings)
General Fund $142,609 $209,718 $220,204 $231,214
Revenue
General Fund ($142,609) ($209,718) ($220,204) ($231,214)
Other Special Revenue Funds ($7,822) ($11,504) ($12,079) ($12,683)
Fiscal Detail and Notes
This bill expands the sales tax exemption to include all nonprofit health care centers.  This change will reduce sales and use tax collections by an estimated $150,431 in fiscal year 2003-04 and $221,222 in fiscal year 2004-05.  The reduction of these tax collections will decrease the amounts transferred to the Local Government Fund for state-municipal revenue sharing in those years by $7,822 and $11,504.  The resulting net reduction of General Fund revenue is estimated to be $142,609 in fiscal year 2003-04 and $209,718 in fiscal year 2004-05, based on an effective date of October 1, 2003.