127th MAINE LEGISLATURE
LD 1622 LR 2643(01)
An Act To Eliminate the Maine Estate Tax
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Seavey of Kennebunkport
Committee: Taxation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
General Fund $0 $0 $10,700,000 $14,200,000
Revenue
General Fund $0 $0 ($10,700,000) ($14,200,000)
Fiscal Detail and Notes
This bill eliminates the estate tax for estates of decedents dying on our after January 1, 2017 and would result in reduced General Fund revenue in the FY2018-2019 biennium and beyond.