125th MAINE LEGISLATURE
		LD 713		LR 1762(01)
	An Act To Amend the Definition of "Retail Sale" for Purposes of the Sales and Use Tax Law
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Knight of Livermore Falls
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$320,625	$427,500	$427,500	$427,500
Revenue
	General Fund		($320,625)	($427,500)	($427,500)	($427,500)
	Other Special Revenue Funds		($16,875)	($22,500)	($22,500)	($22,500)
Fiscal Detail and Notes
	Extending the sales tax exemption for the sale of auto parts used in the performance of auto repair services pursuant to an extended service contract on autos weighing 6,000 pounds or less to those weighing 10,000 pounds or less will enlarge the scope of the existing sales tax exemption and reduce revenue to the General Fund and to revenue sharing.