| 122nd MAINE LEGISLATURE | |||||||||
| LD 740 | LR 2126(01) | ||||||||
| An Act To Amend Maine's Nonresident Income Tax Provisions | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Mayo of Sagadahoc | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $578,327 | $1,950,155 | $2,032,773 | $2,135,607 | |||||
| Revenue | |||||||||
| General Fund | ($578,327) | ($1,950,155) | ($2,032,773) | ($2,135,607) | |||||
| Other Special Revenue Funds | ($31,723) | ($106,971) | ($111,502) | ($117,143) | |||||
| Fiscal Detail and Notes | |||||||||
| Changing the nonresident income tax provisions is expected to reduce General Fund revenue by $578,327 in fiscal year 2005-06 and $1,950,155 in fiscal year 2006-07. | |||||||||