125th MAINE LEGISLATURE
		LD 946		LR 513(01)
	An Act To Amend the Sales and Use Tax Exemption for an Aircraft Purchased Outside of Maine by Nonresidents
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Raye of Washington
	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		$118,750	$121,125	$123,548	$126,018
Revenue
	General Fund		($118,750)	($121,125)	($123,548)	($126,018)
	Other Special Revenue Funds		($6,250)	($6,375)	($6,503)	($6,633)
Fiscal Detail and Notes
	Amending the existing sales, storage and use tax exemption for an aircraft purchased outside Maine by a nonresident by removing the limitations on the use of the aircraft in Maine during the 12 months following purchase will reduce revenue to the General Fund and reduce revenue sharing starting in fiscal year 2011-12.