| 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(04) | |||||||
| Fiscal Note for House Amendment " " to Committee Amendment " " | |||||||
| Sponsor: Rep Lemoine | |||||||
| Fiscal Note Required: Yes | |||||||
| Fiscal Note | |||||||
| Projections | Projections | ||||||
| 2003-04 | 2004-05 | 2005-06 | 2006-07 | ||||
| Net Cost (Savings) | |||||||
| General Fund | $0 | $0 | $13,589,390 | $14,270,841 | |||
| Revenue | |||||||
| General Fund | $0 | $0 | ($13,589,390) | ($14,270,841) | |||
| Other Special Revenue Funds | $0 | $0 | ($745,410) | ($782,789) | |||
| Fiscal Detail and Notes | |||||||
| 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. | |||||||