132nd MAINE LEGISLATURE
		LD 366		LR 716(02)
	An Act to Ensure Consistency of Income Tax Deductions for Retired Members of the Uniformed Services
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund		$0	$47,500	$47,500	$47,500
Revenue
	General Fund		$0	($47,500)	($47,500)	($47,500)
	Other Special Revenue Funds		$0	($2,500)	($2,500)	($2,500)
Fiscal Detail and Notes
	This bill includes an ongoing revenue decrease to the General Fund of $47,500 due to expanding eligibility for the pension income deduction effective January 1, 2026. This bill also includes an ongoing revenue decrease to the Local Government Fund of $2,500.