| 123rd MAINE LEGISLATURE | ||||||
| LD 570 | LR 985(01) | |||||
| An Act To Authorize a Local Option Sales Tax To Reduce Property Taxes | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Sen. Strimling of Cumberland | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $223,508 | $172,061 | $179,931 | $188,194 | ||
| Appropriations/Allocations | ||||||
| General Fund | $223,508 | $172,061 | $179,931 | $188,194 | ||
| Fiscal Detail and Notes | ||||||
| Authorizing municipalities to adopt a local option sales tax will result in additional administrative costs to Maine Revenue Services. The costs are estimated to be $223,508 in fiscal year 2007-08 and $172,061 in fiscal year 2008-09. | ||||||