127th MAINE LEGISLATURE
		LD 341		LR 181(02)
	An Act To Prevent Tax Haven Abuse
	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		$0	($5,272,500)	($5,510,000)	($6,080,000)
Revenue
	General Fund		$0	$5,272,500	$5,510,000	$6,080,000
	Other Special Revenue Funds		$0	$277,500	$290,000	$320,000
Fiscal Detail and Notes
	The bill requires corporations who file unitary income tax returns to include income from certain jurisdictions outside the United States in net income when apportioning income among tax jurisdictions.  It would result in an increase in General Fund and Local Government Fund revenue of $5,272,500 and $277,500, respectively, in fiscal year 2016-17.