128th MAINE LEGISLATURE
		LD 1655		LR 2770(07)
	An Act To Update References to the United States Internal Revenue Code of 1986 Contained in the Maine Revised Statutes
	Fiscal Note for Senate Amendment " " to Committee Amendment "B"
	Sponsor: Sen. Dow of Lincoln
	Fiscal Note Required: Yes
Fiscal Note
			FY 2017-18	FY 2018-19	Projections  FY 2019-20	Projections  FY 2020-21
Net Cost (Savings)
	General Fund		($4,638,340)	($58,042,180)	($36,135,377)	($41,892,183)
Appropriations/Allocations
	General Fund		$0	$49,000	$0	$0
Revenue
	General Fund		$4,638,340	$58,091,180	$36,135,377	$41,892,183
	Other Special Revenue Funds		$94,660	$1,099,820	$1,607,125	$1,902,220
Fiscal Detail and Notes
	This amendment makes changes to Committee Amendment "B".  As reflected above, the incremental impact of this amendment is to decrease the General Fund revenue loss in Committee Amendment "B" by $4,638,340 in fiscal year 2017-18 and by $58,091,180 in fiscal year 2018-19, and to decrease the Local Government Fund revenue loss by $94,660 in fiscal year 2017-18 and by $1,099,820 in fiscal year 2018-19. The amendment also increases the one-time General Fund appropriation to the Department of Administrative and Financial Services for computer programming costs by $49,000 to $229,000.
	The combined impact on revenue from the bill (Committee "B") as amended by this amendment is summarized in the table below. General Fund revenue would be reduced by $4,590,320 in 2017-18 and by $22,181,320 in 2018-19, for a combined General Fund revenue loss of $26,771,640 over the 2018-2019 biennium. Local Government Fund revenue would be reduced by $93,680 in 2017-18 and by $452,680 in 2018-19 for a combined Local Government Fund revenue loss of $546,360 over the 2018-2019 biennium.
	Combined Revenue Impact (Committee "B" as Amended)
			FY 2017-18	FY 2018-19	FY 2019-20	FY 2020-21
	General Fund		($4,590,320)	($22,181,320)	($19,875,900)	($26,999,000)
	Other Special Revenue Funds		($93,680)	($452,680)	($1,046,100)	($1,421,000)