| 122nd MAINE LEGISLATURE | |||||||||
| LD 353 | LR 1666(01) | ||||||||
| An Act To Exempt the United States Flag from State Taxation | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Cressey of Cornish | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $293,501 | $415,793 | $424,109 | $432,591 | |||||
| Revenue | |||||||||
| General Fund | ($293,501) | ($415,793) | ($424,109) | ($432,591) | |||||
| Other Special Revenue Funds | ($16,099) | ($22,807) | ($23,263) | ($23,729) | |||||
| Fiscal Detail and Notes | |||||||||
| Exempting sales of the United States flag from the sales and use tax is expected to reduce General Fund revenue by $293,501 in fiscal year 2005-06 and $415,793 in fiscal year 2006-07. | |||||||||