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.