| 125th MAINE LEGISLATURE | ||||||
| LD 6 | LR 75(01) | |||||
| An Act To Provide a Sales Tax Exemption for Bags Provided by Redemption Centers for Returnable Containers | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Sen. Trahan of Lincoln | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| FY 2011-12 | FY 2012-13 | Projections FY 2013-14 | Projections FY 2014-15 | |||
| Net Cost (Savings) | ||||||
| General Fund | $21,375 | $28,500 | $28,500 | $28,500 | ||
| Revenue | ||||||
| General Fund | ($21,375) | ($28,500) | ($28,500) | ($28,500) | ||
| Other Special Revenue Funds | ($1,125) | ($1,500) | ($1,500) | ($1,500) | ||
| Fiscal Detail and Notes | ||||||
| Creating an exemption from sales tax for plastic bags used by licensed local redemption centers to sort, store and transport returnable beverage containers will result in a loss of revenue to the General Fund and reduce revenue sharing. Any additional costs associated with administration of the sales tax exemption can be absorbed within existing budgeted resources. | ||||||