125th MAINE LEGISLATURE
		LD 433		LR 1491(03)
	An Act To Exempt from Income Tax the Income of Nonresidents Working in Maine Pursuant to an Interlocal Agreement
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
Minor revenue decrease - General Fund
Fiscal Detail and Notes
	Exempting the income of nonresidents working in Maine as employees of a political subdivision of an adjoining state pursuant to an interlocal agreement from taxation as long as a qualified Maine employee or potential qualified Maine employee is not displaced by the agreement may result in a minor decrease to General Fund revenue.  Any administrative costs to administer the exemption can be absorbed by Maine Revenue Services within existing budgeted resources.