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128th MAINE LEGISLATURE |
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LD 79 |
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LR 552(01) |
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An Act To Provide a
Sales Tax Exemption for Career and Technical Student Organizations |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Sen. Langley of Hancock |
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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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FY 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
Net Cost
(Savings) |
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General Fund |
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$3,872 |
$2,019 |
$2,016 |
$2,076 |
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Appropriations/Allocations |
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General Fund |
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$2,500 |
$0 |
$0 |
$0 |
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Revenue |
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General Fund |
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($1,372) |
($2,019) |
($2,016) |
($2,076) |
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Other Special Revenue Funds |
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($28) |
($41) |
($106) |
($109) |
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Fiscal Detail and
Notes |
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This bill creates a
sales tax exemption for nonprofit career and technical student organizations
and would result in a loss of General Fund and Local Government Fund revenue
of $1,372 and $28, respectively, in fiscal year 2017-18 and $2,019 and $41,
respectively, in fiscal year 2018-19.
The Department of Administrative and Financial Services will require a
one-time General Fund appropriation of $2,500 in fiscal year 2017-18 for
programming costs. |
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