121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1714
		An Act To Streamline the Sales Tax Credit for Worthless Accounts To Eliminate Unnecessary Burdens on Certain Maine Businesses and Consumers
		LR 2442(01)
		Fiscal Note for Original Bill
		Sponsor: Sen. Damon of Hancock
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$0	$1,132,157	$693,462	$724,668
Revenue
	General Fund		$0	($1,132,157)	($693,462)	($724,668)
	Other Special Revenue Funds		$0	($60,843)	($38,038)	($39,750)
Fiscal Detail and Notes
	This bill is expected to reduce sales and use tax collections by $1,193,000 in fiscal year 2004-05, resulting in a General Fund revenue loss of $1,132,157 in that fiscal year.