125th MAINE LEGISLATURE
		LD 1384		LR 666(02)
	An Act To Provide a Sales Tax Holiday Weekend
	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		$2,061,300	$2,141,337	$2,226,791	$2,297,888
Appropriations/Allocations
	General Fund		$15,000	$5,000	$5,000	$5,000
Revenue
	General Fund		($2,046,300)	($2,136,337)	($2,221,791)	($2,292,888)
	Other Special Revenue Funds		($107,700)	($112,439)	($116,936)	($120,678)
Fiscal Detail and Notes
	Providing a sales tax exemption on each Saturday of the Columbus Day weekend for sales of $200 or less of clothing and sales of Energy Star qualified products costing $1,500 or less will reduce sales tax revenue to the General Fund and reduce revenue sharing starting in fiscal year 2011-12.  This bill also contains an appropriation for $10,000 in one-time costs in fiscal year 2011-12 to change the sales and use tax return as well as an ongoing appropriation of $5,000 each fiscal year for additional mailing and notice costs.