125th MAINE LEGISLATURE
		LD 611		LR 203(02)
	An Act Relating to Sales Tax on Certain Rental Vehicles
	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		($62,700)	($34,485)	($31,843)	($32,162)
Revenue
	General Fund		$62,700	$34,485	$31,843	$32,162
	Other Special Revenue Funds		$3,300	$3,465	$3,500	$3,535
	State Transit, Aviation and Rail Transportation Fund		$0	$31,350	$34,650	$34,997
Fiscal Detail and Notes
	Expanding the scope of the 10% sales and use tax on the short-term rental of automobiles to include the short-term rental of pick-up trucks and vans will increase General Fund revenue and revenue sharing starting in fiscal year 2011-12 and will also increase revenue to the State Transit, Aviation and Rail Transportation (STAR) Fund starting in fiscal year 2012-13.  There is no revenue loss associated with exempting the sale of pick-up trucks and vans purchased for short-term rental from the sales and use tax since no such purchases are currently occurring in Maine.