123rd MAINE LEGISLATURE
		LD 920		LR 1177(02)
	An Act To Repeal the Maine Use Tax
	Fiscal Note for Bill as Amended by Committee Amendment "     "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$202,031,800	$231,975,600	$240,413,748	$249,164,196
Appropriations/Allocations
	General Fund		$250,000	$0	$0	$0
Revenue
	General Fund		($201,781,800)	($231,975,600)	($240,413,748)	($249,164,196)
	Other Special Revenue Funds		($11,068,200)	($12,724,400)	($13,187,252)	($13,667,234)
Fiscal Detail and Notes
	Repealing the use tax will reduce General Fund revenue by an estimated $201,781,800 in fiscal year 2007-08 and $231,975,600 in fiscal year 2008-09.  The bill includes a General Fund appropriation of $250,000 to Maine Revenue Services in fiscal year 2007-08 to support the administrative costs associated with this change.