125th MAINE LEGISLATURE
		LD 185		LR 304(02)
	An Act To Refund the Sales Tax Paid on Fuel Used in Commercial Fishing Vessels
	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		$63,840	$93,024	$94,884	$96,782
Revenue
	General Fund		($63,840)	($93,024)	($94,884)	($96,782)
	Other Special Revenue Funds		($3,360)	($4,896)	($4,994)	($5,094)
Fiscal Detail and Notes
	Requiring the refund of sales and use tax on purchases of fuel for use in commercial groundfishing vessels and allowing eligible certificate holders to purchase free of sales and use 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.