| 124th MAINE LEGISLATURE | ||||||
| LD 1046 | LR 693(01) | |||||
| An Act To Exempt Cleaning Products for Milking Machines from the Sales Tax | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Rep. Curtis of Madison | ||||||
| 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 | $21,352 | $21,352 | $21,352 | $21,352 | ||
| Revenue | ||||||
| General Fund | ($21,352) | ($21,352) | ($21,352) | ($21,352) | ||
| Other Special Revenue Funds | ($1,148) | ($1,148) | ($1,148) | ($1,148) | ||
| Fiscal Detail and Notes | ||||||
| This bill exempts the products used to clean milking machines from sales tax. The sales tax exemption would reduce revenue to the General Fund by $21,352 in FY 2009-10 and 2010-11. The exemption would also reduce revenue to and distribution from Municipal Revenue Sharing by $1,148 in FY 2009-10 and 2010-11. Administrative costs to Maine Revenue Services associated with this change can be absorbed within existing budgeted resources. | ||||||