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129th MAINE LEGISLATURE |
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LD 420 |
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LR 573(04) |
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An Act To Amend
the Maine Exclusion Amount in the Estate Tax |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "A" |
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Sponsor: Sen. Libby of Androscoggin |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$75,000 |
$75,000 |
$75,000 |
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| Revenue |
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General Fund |
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$0 |
($75,000) |
($75,000) |
($75,000) |
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| Fiscal Detail
and Notes |
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This amendment
excludes from estate tax farmland that is transferred to a family
member. The increase in General Fun
revenue shown in the committee amendment would be reduced by $75,000
beginning in fiscal year 2020-21. |
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