123rd MAINE LEGISLATURE
		LD 954		LR 561(02)
	An Act To Reduce the Sales Tax on Business Energy
	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		$8,669,840	$11,347,560	$11,916,360	$12,523,080
Appropriations/Allocations
	General Fund		$62,000	$0	$0	$0
Revenue
	General Fund		($8,607,840)	($11,347,560)	($11,916,360)	($12,523,080)
	Other Special Revenue Funds		($472,160)	($622,440)	($653,640)	($686,920)
Fiscal Detail and Notes
	Reducing the sales tax on electricity and fuel to businesses will reduce General Fund revenue by an estimated $8,607,840 in fiscal year 2007-08 and $11,347,560 in fiscal year 2008-09.  This amendment also includes a one-time General Fund appropriation of $62,000 in fiscal year 2007-08 for the administrative costs associated with this change.