123rd MAINE LEGISLATURE
		LD 829		LR 1097(01)
	An Act To Create a Back-to-school Sales Tax-free Weekend Each Year
	Fiscal Note for Original Bill
	Sponsor: Rep. McLeod of Lee
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$43,640,000	$45,352,320	$47,166,413	$49,053,069
Appropriations/Allocations
	General Fund		$32,000	$0	$0	$0
Revenue
	General Fund		($43,608,000)	($45,352,320)	($47,166,413)	($49,053,069)
	Other Special Revenue Funds		($2,392,000)	($2,487,680)	($2,587,187)	($2,690,675)
Fiscal Detail and Notes
	Establishing a back-to-school sales tax-free weekend will reduce General Fund revenue by $43,608,000 in fiscal year 2007-08 and $45,352,320 in fiscal year 2008-09.  Maine Revenue Services will also require a one-time General Fund appropriation of $32,000 in fiscal year 2007-08 for the administrative costs associated with this change.