127th MAINE LEGISLATURE
		LD 1583		LR 2662(01)
	An Act To Provide for Tax Conformity and Funding Methods
	Fiscal Note for Original Bill
	Committee: Appropriations and Financial Affairs
	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	$0	($2,333,380)	($1,712,060)
Appropriations/Allocations
	General Fund		($6,113,120)	$0	$0	$0
Revenue
	General Fund		($15,802,500)	($1,034,880)	$2,333,380	$1,712,060
	Other Special Revenue Funds		($322,500)	($21,120)	$47,620	$34,940
Transfers
	General Fund		$9,689,380	$1,034,880	$0	$0
Fiscal Detail and Notes
	This legislation has no net General Fund cost in fiscal year 2015-16 and fiscal year 2016-17. It proposes to conform to certain federal tax laws for tax year 2015 only and would result in a loss of General Fund revenue of $15,802,500 in fiscal year 2015-16 and $1,034,880 in fiscal year 2016-17. It would also result in a reduction in transfers to the Local Government Fund of $322,500 in fiscal year 2015-16 and $21,120 in fiscal year 2016-17.
	Part B of the bill transfers $9,535,933 from the Tax Relief Fund for Maine Residents to the unappropriated surplus of the General Fund in fiscal year 2015-16.
	Part C deappropriates $6,113,120 from the Office of the Treasurer of State in fiscal year 2015-16 to reflect savings in debt service.
	Parts D and E lapses $153,447 in fiscal year 2015-16 and $1,034,880 in fiscal year 2016-17 from Personal Services appropriations that would otherwise lapse to the Salary Plan account in the Department of Administrative and Financial Services.