132nd MAINE LEGISLATURE
		LD 48		LR 156(02)
	An Act to Update References to the United States Internal Revenue Code of 1986 Contained in the Maine Revised Statutes
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
		FY 2024-25	FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund	$665,000	$855,000	$332,500	$142,500	$0
Revenue
	General Fund	($665,000)	($855,000)	($332,500)	($142,500)	$0
	Other Special Revenue Funds	($35,000)	($45,000)	($17,500)	($7,500)	$0
Fiscal Detail and Notes
	The bill includes a revenue decrease to the Department of Administrative and Financial Services, Bureau of Revenue Services of $665,000 in fiscal year 2024-25, $855,000 in fiscal year 2025-26, and $332,500 in fiscal year 2026-27 for conforming to the United States Internal Revenue Code of 1986 for any tax years beginning on or after January 1, 2024 and for any prior tax year as specifically provided by the United States Internal Revenue Code of 1986, as amended.