| 124th MAINE LEGISLATURE | ||||||
| LD 450 | LR 851(01) | |||||
| An Act To Clarify the Sales Tax Exemption for Commercial Agricultural Crop Production | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Rep. Saviello of Wilton | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| 2009-10 | 2010-11 | Projections 2011-12 | Projections 2012-13 | |||
| Net Cost (Savings) | ||||||
| General Fund | $26,250 | $35,500 | $36,000 | $37,000 | ||
| Revenue | ||||||
| General Fund | ($26,250) | ($35,500) | ($36,000) | ($37,000) | ||
| Fiscal Detail and Notes | ||||||
| This bills expands the sales tax exemption for products used in commercial agricultural crop production to apply to silvicultural (forestry) crop production. The expansion of the sales tax exemption is expected to reduce sales tax revenue. The administrative cost to Maine Revenue Services to enact this legislation can be absorbed within existing budgeted resources. | ||||||