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126th MAINE LEGISLATURE |
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LD 720 |
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LR 1277(03) |
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An Act To
Eliminate Sales Tax Exemptions for Snowmobiles and All-terrain Vehicles
Purchased by Nonresidents for Use in the State |
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Fiscal Note for
Bill as Engrossed with:
C "A" (H-42) |
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Committee: Taxation |
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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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($56,786) |
($78,375) |
($81,320) |
($84,455) |
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| Revenue |
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General Fund |
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$56,786 |
$78,375 |
$81,320 |
$84,455 |
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Other Special Revenue Funds |
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$2,989 |
$4,125 |
$4,280 |
$4,445 |
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| Fiscal Detail
and Notes |
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Narrowing the
sales tax exemption on all-terrain vehicles and snowmobiles purchased in the
State by nonresidents to purchases that are immediately removed from the
State will increase General Fund revenue and Municipal Revenue Sharing. |
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