125th MAINE LEGISLATURE
		LD 21		LR 46(02)
	An Act To Exempt from the Sales Tax Meals Provided at Retirement Facilities
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$1,299,600	$476,444	$531,689	$545,695
Revenue
	General Fund		($1,299,600)	($476,444)	($531,689)	($545,695)
	Other Special Revenue Funds		($68,400)	($28,325)	($29,175)	($30,050)
	Other Funds		$0	($61,731)	($22,631)	($25,255)
Fiscal Detail and Notes
	Exempting meals provided to residents of full-service retirement facilities from sales tax and applying the exemption retroactively to transactions for which an assessment was not made before January 1, 2010 will reduce General Fund revenues and reduce revenue sharing starting in fiscal year 2011-12 and will reduce revenue to the Tourism Marketing Fund starting in fiscal year 2012-13.