| 122nd MAINE LEGISLATURE | |||||||||
| LD 452 | LR 0966(01) | ||||||||
| An Act To Provide a Sales Tax Holiday | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Hutton of Bowdoinham | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Current biennium revenue decrease - General Fund | |||||||||
| Current biennium cost increase - General Fund | |||||||||
| Fiscal Detail and Notes | |||||||||
| Establishing a sales tax holiday for one weekend in February is expected to reduce sales tax revenue by approximately $25 million to $50 million per year. Maine Revenue Services will also require a one-time General Fund appropriation for the related administrative costs. | |||||||||