130th MAINE LEGISLATURE
		LD 1732		LR 2066(03)
	An Act To Amend the Sales Tax Exemption for Nonprofit Housing Development Organizations
	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		$0	$1,235,000	$1,235,000	$1,235,000
Revenue
	General Fund		$0	($1,235,000)	($1,235,000)	($1,235,000)
	Other Special Revenue Funds		$0	($65,000)	($65,000)	($65,000)
Fiscal Detail and Notes
	The bill provides a sales tax exemption to organizations developing housing for low-income people and would result in a reduction in General Fund revenue of $1,235,000 beginning in fiscal year 2022-23 and a reduction in Local Government Fund revenue of $65,000 beginning in fiscal year 2022-23.