| 123rd MAINE LEGISLATURE | ||||||
| LD 1976 | LR 3016(01) | |||||
| An Act To Enhance Economic Development in Maine's Aviation Industry | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: President Edmonds of Cumberland | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $1,508,910 | $1,583,160 | $1,659,000 | ||
| Revenue | ||||||
| General Fund | $0 | ($1,508,910) | ($1,583,160) | ($1,659,000) | ||
| Other Special Revenue Funds | $0 | ($81,090) | ($86,840) | ($91,000) | ||
| Fiscal Detail and Notes | ||||||
| Expanding the sales tax exemption for certain aircraft purchases and repairs will decrease General Fund revenue by $1,508,910 in fiscal year 2008-09. | ||||||