130th MAINE LEGISLATURE
		LD 611		LR 526(02)
	An Act To Exempt Long-term Lodging from the 9 Percent Sales Tax on Lodging
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2021-22	FY 2022-23	Projections  FY 2023-24	Projections  FY 2024-25
Net Cost (Savings)
	General Fund		$57,000	$329,650	$322,525	$328,842
Revenue
	General Fund		($57,000)	($329,650)	($322,525)	($328,842)
	Other Special Revenue Funds		($3,000)	($20,350)	($34,475)	($35,158)
Fiscal Detail and Notes
	The bill provides for an exemption from the 9% lodging sales tax for long-term lodging and would result in a reduction in General Fund revenue of $57,000 in fiscal year 2021-22 and $329,650 in fiscal year 2022-23,  It would also result in  reduction in Local Government Fund revenue of $3,000 in fiscal year 2021-22 and $17,500 in fiscal year 2022-23.  Additionally, the bill would result in a reduction in Tourism Fund revenue of $2,850 in fiscal year 2022-23.