LD 1622 LR 2643(02)
An Act To Eliminate the Maine Estate 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 $0 $0 $10,700,000 $14,200,000
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.