123rd MAINE LEGISLATURE
		LD 1001		LR 1377(05)
	An Act To Eliminate the Property Tax on Business Equipment Owned by Small Retailers
	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		$0	$0	$2,634,620	$1,571,046
Revenue
	General Fund		$0	$0	($2,634,620)	($1,571,046)
	Other Special Revenue Funds		$0	$0	$0	$106,556
Fiscal Detail and Notes
	The net General Fund revenue decrease associated with extending the business equipment tax exemption to eligible property located at a small retail facility is estimated to be $2,634,620 in fiscal year 2009-10 and $1,571,046 in fiscal year 2010-2011.