129th MAINE LEGISLATURE
LD 863 LR 391(02)
An Act To Exempt Diapering Products from Sales Tax
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 $1,202,198 $1,634,990 $1,667,690 $1,701,043
Revenue
General Fund ($1,202,198) ($1,634,990) ($1,667,690) ($1,701,043)
Other Special Revenue Funds ($63,274) ($86,052) ($87,773) ($89,529)
Fiscal Detail and Notes
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.