122nd MAINE LEGISLATURE
LD 332 LR 1549(05)
An Act To Exempt Unemployment Benefits from State Income Tax
Fiscal Note for Senate Amendment "   " to Committee Amendment "   "
Sponsor: Sen. Strimling
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
General Fund ($6,335,821) ($5,964,049) ($6,573,418) ($7,123,528)
Appropriations/Allocations
General Fund ($23,955) ($21,751) ($24,105) ($24,261)
Revenue
General Fund $6,311,866 $5,942,298 $6,549,313 $7,099,267
Other Special Revenue Funds $339,205 $319,344 $359,245 $389,411
Fiscal Detail and Notes
This amendment reduces the cost of Committee Amendment "A" by $6,335,821 in fiscal year 2005-06 and $5,964,049 in fiscal year 2006-07 as a result of limiting the income tax deduction for unemployment  compensation.