| 123rd MAINE LEGISLATURE | ||||||
| LD 1214 | LR 1920(01) | |||||
| An Act To Improve the Competitiveness of Maine's Boat Building Industry | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Sen. Damon of Hancock | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $244,015 | $507,552 | $527,854 | $548,968 | ||
| Revenue | ||||||
| General Fund | ($244,015) | ($507,552) | ($527,854) | ($548,968) | ||
| Other Special Revenue Funds | ($13,385) | ($27,840) | ($28,954) | ($30,112) | ||
| Fiscal Detail and Notes | ||||||
| Expanding the sales tax exemption for certain watercraft purchases by nonresidents will reduce General Fund revenue by an estimated $244,015 in fiscal year 2007-08 and $507,552 in fiscal year 2008-09. | ||||||