123rd MAINE LEGISLATURE
		LD 872		LR 214(03)
	An Act To Exempt Military Pensions and Survivors' Benefit Payments from State Income Tax
	Fiscal Note for Bill as Amended by Committee Amendment "     "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$298,187	$382,916	$543,465	$702,013
Appropriations/Allocations
	General Fund		$11,000	$0	$0	$0
Revenue
	General Fund		($287,187)	($382,916)	($543,465)	($702,013)
	Other Special Revenue Funds		($15,753)	($21,004)	($29,755)	($38,507)
Fiscal Detail and Notes
	Exempting from the state income tax certain military retirement benefits will reduce General Fund revenue by an estimated $287,187 in fiscal year 2007-08 and $382,916 in fiscal year 2008-09.  This bill also includes a one-time General Fund appropriation of $11,000 in fiscal year 2007-08 for Maine Revenue Services' related computer programming costs.