121st Maine Legislature | |||||||
Office of Fiscal and Program Review | |||||||
LD 514 | |||||||
An Act To Increase the Personal Income Tax Exemption | |||||||
LR1472(01) | |||||||
Fiscal Note for Original Bill | |||||||
Sponsor: Rep. Cressey of Baldwin | |||||||
Committee: Taxation | |||||||
Fiscal Note Required: Yes | |||||||
Fiscal Note | |||||||
Current biennium revenue decrease - General Fund | |||||||
Fiscal Detail and Notes | |||||||
Increasing the personal income tax exemption is expected to reduce General Fund revenue by approximately $160,000,000 per year. | |||||||