123rd MAINE LEGISLATURE
		LD 1633		LR 524(01)
	An Act To Provide a Sales Tax Exemption for College Textbooks
	Fiscal Note for Original Bill
	Sponsor: Rep. Canavan of Waterville
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$1,612,548	$2,848,835	$2,934,300	$3,110,358
Revenue
	General Fund		($1,612,548)	($2,848,835)	($2,934,300)	($3,110,358)
	Other Special Revenue Funds		($88,452)	($156,265)	($160,953)	($170,610)
Fiscal Detail and Notes
	Providing a sales tax exemption for college taxtbooks sold by a postsecondary educational institution will reduce General Fund revenue by an estimated $1,612,548 in fiscal year 2007-08 and $2,848,835 in fiscal year 2008-09.