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(05)
Fiscal Note for House Amendment " " to Committee Amendment "A"
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 $8,060,735 $21,415,534 $22,272,155
Revenue
General Fund $0 ($8,060,735) ($21,415,534) ($22,272,155)
Other Special Revenue Funds $0 ($433,190) ($1,174,691) ($1,221,679)
Fiscal Detail and Notes
This amendment is expected to reduce sales and use tax collections by over $8,000,000 in fiscal year 2004-05.