127th MAINE LEGISLATURE
		LD 280		LR 645(02)
	An Act To Exempt Military Pensions and Survivor Benefits from Maine Income Tax
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2015-16	FY 2016-17	Projections  FY 2017-18	Projections  FY 2018-19
Net Cost (Savings)
	General Fund		$11,850,300	$9,233,050	$9,380,300	$9,538,000
Revenue
	General Fund		($11,850,300)	($9,233,050)	($9,380,300)	($9,538,000)
	Other Special Revenue Funds		($623,700)	($485,950)	($493,700)	($502,000)
Fiscal Detail and Notes
	This bill exempts military pension and survivor benefit income from income tax and would result in a loss of General Fund revenue of $11,850,300 in fiscal year 2015-16 and $9,233,050 in fiscal year 2016-17 and a loss of Local Government Fund revenue of $623,700 in fiscal year 2015-16 and $485,950 in fiscal year 2016-17.