129th MAINE LEGISLATURE
		LD 424		LR 2028(02)
	An Act To Provide a Sales Tax Exemption for Baling Twine, Net and Wrapping for Hay
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			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.