|
|
|
|
|
|
|
|
129th MAINE LEGISLATURE |
|
|
LD 424 |
|
LR 2028(01) |
|
|
|
An Act To Provide
a Sales Tax Exemption for Baling Twine, Net and Wrapping for Hay |
|
Preliminary Fiscal
Impact Statement for Original Bill |
|
Sponsor: Rep. O'Neil of Saco |
|
Committee: Taxation |
|
Fiscal Note Required: Yes |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preliminary
Fiscal Impact Statement |
|
|
|
|
|
|
|
|
|
|
FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Net Cost
(Savings) |
|
|
|
|
|
|
General Fund |
|
$44,175 |
$60,420 |
$61,940 |
$63,460 |
|
|
|
|
|
|
|
| Revenue |
|
|
|
|
|
|
General Fund |
|
($44,175) |
($60,420) |
($61,940) |
($63,460) |
|
Other Special Revenue Funds |
|
($2,325) |
($3,180) |
($3,260) |
$3,340 |
|
|
|
|
|
|
|
| Fiscal Detail
and Notes |
|
|
|
|
|
|
The bill provides
a sales tax exemption for baling twine, net and wrapping for hay and would
result in a loss of General Fund revenue of $44,175 in fiscal year 2019-20
and $60,420 in fiscal year 2020-21. It
would also result in a loss of Other Special Revenue Funds revenue of $2,325
in fiscal year 2019-20 and $3,180 in fiscal year 2020-21. |
|
|
|
|
|
|
|