| 123rd MAINE LEGISLATURE | ||||||
| LD 1556 | LR 1104(01) | |||||
| An Act To Recouple Maine Estate Tax with Federal Estate Tax | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Knight of Livermore Falls | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $17,256,987 | $23,709,134 | $33,002,995 | $2,817,394 | ||
| Revenue | ||||||
| General Fund | ($17,256,987) | ($23,709,134) | ($33,002,995) | ($2,817,394) | ||
| Fiscal Detail and Notes | ||||||
| The changes to the Estate Tax will reduce General Fund revenue by an estimated $17,256,987 in fiscal year 2007-08 and $23,709,134 in fiscal year 2008-09. | ||||||