122nd MAINE LEGISLATURE
LD 195 LR 0418(02)
An Act To Conform the Maine Tax Code with the Federal Health Savings Accounts Laws
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Taxation
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
General Fund $579,852 $505,118 $560,051 $608,756
Revenue
General Fund ($579,852) ($505,118) ($560,051) ($608,756)
Other Special Revenue Funds ($31,162) ($27,145) ($30,720) ($33,392)
Fiscal Detail and Notes
This bill is expected to reduce General Fund revenue by $579,852 in fiscal year 2005-06 and $505,118 in fiscal year 2006-07 due to the changes in the treatment of federal health savings accounts.