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129th MAINE LEGISLATURE |
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LD 1808 |
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LR 2512(01) |
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An Act To Provide
a Sales Tax Exemption for Certain Nonprofit Charitable Organizations |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Stewart of Presque Isle |
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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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$148,000 |
$199,500 |
$205,485 |
$211,650 |
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| Appropriations/Allocations |
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General Fund |
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$15,000 |
$0 |
$0 |
$0 |
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| Revenue |
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General Fund |
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($133,000) |
($199,500) |
($205,485) |
($211,650) |
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Other Special Revenue Funds |
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($7,000) |
($10,500) |
($10,815) |
($11,139) |
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| Fiscal Detail
and Notes |
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This bill provides
a sales tax exemption to certain nonprofit charitable organizations and would
result in a reduction in General Fund revenue of $133,000 in fiscal year
2019-20 and $199,500 in fiscal year 2020-21.
It would also result in a reduction in Local Government Fund revenue
of $7,000 in fiscal year 2019-20 and $10,500 in fiscal year 2020-21. The Department of Administrative and
Financial Services would require a one-time General Fund appropriation of
$15,000 in fiscal year 2019-20 for programming costs related to creating a
sales tax exemption certificate. |
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