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126th MAINE LEGISLATURE |
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LD 126 |
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LR 255(02) |
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An Act To Provide
a Sales Tax Exemption to Incorporated Nonprofit Performing Arts Organizations |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2013-14 |
FY 2014-15 |
Projections FY 2015-16 |
Projections FY 2016-17 |
| Net Cost
(Savings) |
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General Fund |
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$61,560 |
$85,609 |
$89,410 |
$93,166 |
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| Revenue |
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General Fund |
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($61,560) |
($85,609) |
($89,410) |
($93,166) |
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Other Special Revenue Funds |
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($3,240) |
($4,506) |
($4,706) |
($4,903) |
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| Fiscal Detail
and Notes |
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This bill exempts
incorporated nonprofit performing arts organizations from the sales tax
effective October 1, 2013. The
exemption will reduce General Fund revenue and Municipal Revenue Sharing
revenue beginning in fiscal year 2013-14.
Any additional costs associated with administering this exemption can
be absorbed by Maine Revenue Services within existing budgeted resources. |
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