129th MAINE LEGISLATURE
		LD 1446		LR 1658(01)
	An Act To Remove Sales and Use Taxation on Gold and Silver Coins
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Fecteau of Augusta
	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		$332,500	$489,250	$504,450	$520,125
Revenue
	General Fund		($332,500)	($489,250)	($504,450)	($520,125)
	Other Special Revenue Funds		($17,500)	($25,750)	($26,550)	($27,375)
Fiscal Detail and Notes
	The bill provides a sales and use tax exemption for sales of coins with gold or silver content or refined gold or silver bullion and would result in a reduction in General Fund revenue of $332,500 in fiscal year 2019-20 and $489,250 in fiscal year 2020-21.  It would also result in a reduction in Local Government Fund revenue of $17,500 in fiscal year 2019-20 and $25,750 in fiscal year 2020-21.