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129th MAINE LEGISLATURE |
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LD 863 |
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LR 391(01) |
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An Act To Exempt
Diapering Products from Sales Tax |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Tepler of Topsham |
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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 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Net Cost
(Savings) |
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General Fund |
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$1,202,198 |
$1,634,990 |
$1,667,690 |
$1,701,043 |
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| Revenue |
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General Fund |
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($1,202,198) |
($1,634,990) |
($1,667,690) |
($1,701,043) |
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Other Special Revenue Funds |
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($63,274) |
($86,052) |
($87,773) |
($89,529) |
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| Fiscal Detail
and Notes |
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The bill provides
a sales tax exemption for diapers and diaper products and would result in a
reduction of General Fund revenue of $1,202,198 in fiscal year 2019-20 and
$1,634,990 in fiscal year 2020-21. It
would also reduce Local Government Fund revenue by $63,274 in fiscal year
2019-20 and $86,052 in fiscal year 2020-21. |
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