| 122nd MAINE LEGISLATURE | |||||||||
| LD 1074 | LR 1615(01) | ||||||||
| An Act To Stimulate Economic Development in Maine's Aviation Industry | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Daigle of Arundel | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $804,752 | $1,053,390 | $1,099,680 | $1,166,040 | |||||
| Revenue | |||||||||
| General Fund | ($804,752) | ($1,053,390) | ($1,099,680) | ($1,166,040) | |||||
| Other Special Revenue Funds | ($43,248) | ($56,610) | ($60,320) | ($63,960) | |||||
| Fiscal Detail and Notes | |||||||||
| Providing a sales and use tax exemption for all aircraft sales and leases is expected to reduce General Fund revenue by $804,752 in fiscal year 2005-06 and $1,053,390 in fiscal year 2006-07 based on an October 1, 2005 effective date. | |||||||||