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125th MAINE LEGISLATURE |
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LD 961 |
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LR 1028(01) |
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An Act To Exempt
Internet Sales from the Sales and Use Tax |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Harmon of Palermo |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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Current biennium revenue decrease - General Fund
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| Fiscal Detail
and Notes |
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Exempting
all purchases made over the Internet from sales and use tax would result in
reductions to General Fund revenue and would reduce revenue sharing. Maine Revenue Services indicates that the
revenue loss would total in the hundreds of millions each fiscal year. |
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