| 122nd MAINE LEGISLATURE | |||||||||
| LD 1116 | LR 0700(01) | ||||||||
| An Act To Exempt from the Sales Tax Electricity Used by a Senior Citizen to Heat a Home | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Campbell of Newfield | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $524,323 | $629,187 | $641,094 | $653,916 | |||||
| Revenue | |||||||||
| General Fund | ($524,323) | ($629,187) | ($641,094) | ($653,916) | |||||
| Other Special Revenue Funds | ($28,178) | ($33,813) | ($35,166) | ($35,869) | |||||
| Fiscal Detail and Notes | |||||||||
| Exempting electricity used by a senior citizen to heat a home from the sales and use tax is expected to reduce General Fund revenue by $524,323 in fiscal year 2005-06 and $629,187 in fiscal year 2006-07. | |||||||||