126th MAINE LEGISLATURE
		LD 741		LR 1248(02)
	An Act To Promote Fairness in the Sales Tax Exemption for Vehicles Used in Interstate Commerce
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2013-14	FY 2014-15	Projections  FY 2015-16	Projections  FY 2016-17
Net Cost (Savings)
	General Fund		$342,000	$446,310	$466,394	$487,381
Revenue
	General Fund		($342,000)	($446,310)	($466,394)	($487,381)
	Other Special Revenue Funds		($18,000)	($23,490)	($24,547)	($25,652)
Fiscal Detail and Notes
	Exempting from the sales tax property placed in use as an instrumentality of interstate or foreign commerce by the purchaser that is without operating authority under 49 Code of Federal Regulations, Section 392-9a reduces General Fund revenue by $342,000 in FY 2013-14 and by $446,310 in FY 2014-15 and Municipal Revenue Sharing by $18,000 in FY 2013-14 and $23,490 in FY 2014-15.