| 122nd MAINE LEGISLATURE | |||||||||
| LD 1116 | LR 0700(02) | ||||||||
| An Act To Exempt from the Sales Tax Electricity Used by a Senior Citizen to Heat a Home | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $1,776,528 | $2,566,096 | $2,665,928 | $2,628,392 | |||||
| Revenue | |||||||||
| General Fund | ($1,776,528) | ($2,566,096) | ($2,665,928) | ($2,628,392) | |||||
| Other Special Revenue Funds | ($95,472) | ($137,904) | ($146,232) | ($144,173) | |||||
| Fiscal Detail and Notes | |||||||||
| Exempting all residential electricity from the sales and use tax is expected to reduce General Fund revenue by $1,776,528 in fiscal year 2005-06 and $2,566,096 in fiscal year 2006-07. | |||||||||