| 122nd MAINE LEGISLATURE | |||||||||
| LD 1158 | LR 1845(01) | ||||||||
| An Act To Allow Disabled Retired State Employees To Be Eligible for a Pension Deduction under Maine Income Tax Law | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Dudley of Portland | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $1,014,843 | $2,577,701 | $2,824,878 | $2,937,873 | |||||
| Revenue | |||||||||
| General Fund | ($1,014,843) | ($2,577,701) | ($2,824,878) | ($2,937,873) | |||||
| Other Special Revenue Funds | ($54,538) | ($138,528) | ($154,951) | ($161,149) | |||||
| Fiscal Detail and Notes | |||||||||
| Exempting the first $6,000 of income received under certain disability retirement plans is espected to reduce General Fund revenue by $1,014,843 in fiscal year 2005-06 and $2,577,701 in fiscal year 2006-07. | |||||||||