LD 476 LR 440(02)
An Act To Create a Sales Tax Holiday for Energy-efficient Appliances and Fixtures
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 $181,250 $176,570 $181,374 $184,901
General Fund $15,000 $5,000 $5,000 $5,000
General Fund ($166,250) ($171,570) ($176,374) ($179,901)
Other Special Revenue Funds ($8,750) ($9,030) ($9,283) ($9,468)
Fiscal Detail and Notes
Creating an annual sales tax holiday for the purchase of energy-efficient appliances and fixtures that carry the Energy Star or WaterSense labels will reduce General Fund revenue and reduce revenue sharing starting in fiscal year 2011-12.  This bill includes a $15,000 appropriation in fiscal year 2011-12 and an annual $5,000 appropriation in subsequent fiscal years for Maine Revenue Services to administer the annual sales tax holiday, for tax form modifications and for increased postage and mailing costs.