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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1714 |
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An Act
To Streamline the Sales Tax Credit for Worthless Accounts To Eliminate
Unnecessary Burdens on Certain Maine Businesses and Consumers |
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LR 2442(04) |
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Fiscal Note for House Amendment " " to Committee
Amendment " " |
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Sponsor: Rep Lemoine |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Projections |
Projections |
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2003-04 |
2004-05 |
2005-06 |
2006-07 |
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Net Cost
(Savings) |
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General Fund |
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$0 |
$0 |
$13,589,390 |
$14,270,841 |
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Revenue |
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General Fund |
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$0 |
$0 |
($13,589,390) |
($14,270,841) |
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Other Special Revenue Funds |
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$0 |
$0 |
($745,410) |
($782,789) |
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Fiscal Detail
and Notes |
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This
amendment is expected to reduce sales and use tax collections by $14,334,800
in fiscal year 2005-06 and $15,053,630 in fiscal year 2006-07. |
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