LD 338 LR 870(01)
An Act To Exempt Certain Disabled Veterans from the Motor Vehicle Excise Tax
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. McLean of Gorham
Committee: Taxation
Fiscal Note Required: No
Preliminary Fiscal Impact Statement
Municipal revenue loss from excise tax exemption
Minor revenue decrease - General Fund
Fiscal Detail and Notes
Municipal revenues would be decreased by exempting motor vehicle excise tax that is now collected from veterans who are receiving VA benefits based on 100% permanent service-connected disability. No estimate of this loss is made at this time.
To the extent that nonresidents meeting this criteria are registering their vehicles and paying excise tax in Maine, General Fund revenues would be decreased by minor amounts not requiring any change to the budget.