| 125th MAINE LEGISLATURE | ||||||
| LD 396 | LR 1226(01) | |||||
| An Act To Amend the Law Governing Sales Tax Exemptions for Certain Nonprofit Youth Organizations | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Sen. Sherman of Aroostook | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| Current biennium cost increase - General Fund | ||||||
| Fiscal Detail and Notes | ||||||
| Expanding the existing sales tax exemption for nonprofit youth organizations to include those organizations whose primary purpose is to provide arts instruction in a nonresidential setting will reduce General Fund revenues. The Bureau of Revenue Services indicates that additional clarification is required regarding the scope of the exemption for the extent of the revenue loss to be more precisely determined. | ||||||