125th MAINE LEGISLATURE
		LD 185		LR 304(01)
	An Act To Refund the Sales Tax Paid on Fuel Used in Commercial Fishing Vessels
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. MacDonald of Boothbay
	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		$427,500	$570,000	$570,000	$570,000
Revenue
	General Fund		($427,500)	($570,000)	($570,000)	($570,000)
	Other Special Revenue Funds		($22,500)	($30,000)	($30,000)	($30,000)
Fiscal Detail and Notes
	Requiring the refund of sales tax on purchases of fuel for use in commercial fishing vessels and allowing eligible certificate holders to purchase free of sales tax for such purchases will result in a loss to the General Fund and reduce revenues available for revenue sharing.  Any costs associated with education efforts regarding the new refund and exemption system can be absorbed within existing budgeted resources.