| 125th MAINE LEGISLATURE | ||||||
| LD 358 | LR 1189(03) | |||||
| An Act To Exempt from the Income Tax Military Survivors Annuity Payments | ||||||
| Fiscal Note for
Bill as Engrossed with: C "A" (H-136) |
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| Committee: Taxation | ||||||
| Fiscal Note | ||||||
| Minor revenue decrease - General Fund Minor revenue decrease - Other Special Revenue Funds Minor cost increase - General Fund |
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| Fiscal Detail and Notes | ||||||
| Exempting from income taxation certain annuity payments made under a survivor benefit plan or reserve component survivor benefit plan pursuant to 10 United States Code, Chapter 73 will result in minor revenue reductions to the General Fund and minor reductions in revenue sharing. Any costs associated with administering this exemption can be absorbed by Maine Revenue Services within existing budgeted resources. | ||||||