| 125th MAINE LEGISLATURE | ||||||
| LD 185 | LR 304(04) | |||||
| An Act To Refund the Sales Tax Paid on Fuel Used in Commercial Fishing Vessels | ||||||
| Fiscal Note for House Amendment " " to Committee Amendment "A" | ||||||
| Sponsor: Rep. MacDonald of Boothbay | ||||||
| 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 | $301,910 | $439,926 | $448,725 | $457,699 | ||
| Revenue | ||||||
| General Fund | ($301,910) | ($439,926) | ($448,725) | ($457,699) | ||
| Other Special Revenue Funds | ($15,890) | ($23,154) | ($23,167) | ($24,089) | ||
| Fiscal Detail and Notes | ||||||
| Expanding the refund of sales and use tax on purchases of fuel for use in commercial groundfishing boats to now include all commercial fishing vessels will increase the revenue loss to the General Fund and revenue sharing. The amounts above reflect the incremental revenue reductions from the committee amendment. | ||||||