125th MAINE LEGISLATURE
		LD 205		LR 879(04)
	An Act To Provide a Sales Tax Exemption to Incorporated Nonprofit Performing Arts Organizations
	Fiscal Note for Senate Amendment "   " to Committee Amendment "A"
	Sponsor: Sen. Rosen of Hancock
	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		($29,260)	($13,042)	$0	$0
Revenue
	General Fund		$29,260	$13,042	$0	$0
	Other Special Revenue Funds		$1,540	$686	$0	$0
Fiscal Detail and Notes
	This amendment delays the effective date of the sales exemption, eliminating the revenue loss in fiscal year 2011-12 and reducing the revenue loss in fiscal year 2012-13.  As amended, the bill have the following revenue impact:
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
	Gross Revenue Loss - Sales and Use Tax		$0	($32,032)	($47,591)	($49,494)
	Local Government Fund Revenue		$0	($1,602)	($2,380)	($2,475)
	General Fund Revenue - Net		$0	($30,430)	($45,211)	($47,019)