121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1718
		An Act To Clarify the Sales Tax Exemptions Regarding Assisted Housing Programs
		LR 2473(01)
		Fiscal Note for Original Bill
		Sponsor: Sen. Mayo of Sagadahoc
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$1,036,308	$4,165,161	$4,348,007	$4,543,667
Revenue
	General Fund		($1,036,308)	($4,165,161)	($4,348,007)	($4,543,667)
	Other Special Revenue Funds		($55,692)	($223,839)	($238,498)	($249,231)
Fiscal Detail and Notes
	Providing a sales tax exemption for assisted housing programs for the elderly is expected to reduce sales and use tax collections by $1,092,000 in fiscal year 2003-04 and $4,389,000 in fiscal year 2004-05.