125th MAINE LEGISLATURE
LD 849 LR 149(14)
An Act To Provide Tax Relief for Maine's Citizens by Reducing Income Taxes
Fiscal Note for Senate Amendment "   " to Committee Amendment "C"
Sponsor: Sen. Courtney of York
Fiscal Note Required: Yes
             
Fiscal Note
No fiscal impact
Fiscal Detail and Notes
The amendment provides that the Tax Relief Fund for Maine Residents may not be used to reduce income tax rates unless the State Controller has certified that an amount has been appropriated that is sufficient to fund benefits under the Circuitbreaker Program. Under current forecasts, no transfers to the Fund are expected through FY 2014-15, so the amendment has no fiscal effect during this period.