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129th MAINE LEGISLATURE |
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LD 1914 |
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LR 3054(02) |
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An Act To Provide a
Sales Tax Exemption for Textbooks |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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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$0 |
$360,937 |
$731,500 |
$750,500 |
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| Revenue |
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General Fund |
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$0 |
($360,937) |
($731,500) |
($750,500) |
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Other Special Revenue Funds |
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$0 |
($14,063) |
($38,500) |
($39,500) |
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| Fiscal Detail and
Notes |
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The bill creates a
sales tax exemption for certain textbooks effective January 1, 2021. It would
reduce General Fund revenue by $360,937 in fiscal year 2020-21 and reduce
Local Government Fund revenue by $14,063 in fiscal year 2020-21. |
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