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127th MAINE LEGISLATURE |
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LD 1622 |
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LR 2643(01) |
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An Act To
Eliminate the Maine Estate Tax |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Seavey of Kennebunkport |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2015-16 |
FY 2016-17 |
Projections FY 2017-18 |
Projections FY 2018-19 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$0 |
$10,700,000 |
$14,200,000 |
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| Revenue |
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General Fund |
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$0 |
$0 |
($10,700,000) |
($14,200,000) |
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| Fiscal Detail
and Notes |
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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. |
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