| 122nd MAINE LEGISLATURE | |||||||||
| LD 632 | LR 0390(02) | ||||||||
| An Act To Lower the Tax Burden for Small Businesses | |||||||||
| 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 | $13,779,248 | $10,328,628 | $5,979,068 | $210,846 | |||||
| Revenue | |||||||||
| General Fund | ($13,779,248) | ($10,328,628) | ($5,979,068) | ($210,846) | |||||
| Other Special Revenue Funds | ($741,483) | ($554,968) | ($327,966) | ($11,565) | |||||
| Fiscal Detail and Notes | |||||||||
| This bill is expected to reduce General Fund income tax revenue by $13,779,248 in fiscal year 2005-06 and $10,328,628 in fiscal year 2006-07. | |||||||||