126th MAINE LEGISLATURE
		LD 1795		LR 2809(01)
	An Act To Remove Medical and Dental Expenses from the Itemized Deduction Cap
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Knight of Livermore Falls
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2013-14	FY 2014-15	Projections  FY 2015-16	Projections  FY 2016-17
Net Cost (Savings)
	General Fund		$0	$5,097,320	$3,770,920	$3,875,807
Revenue
	General Fund		$0	($5,097,320)	($3,770,920)	($3,875,807)
	Other Special Revenue Funds		$0	($268,280)	($190,048)	($203,990)
Fiscal Detail and Notes
	This bill proposes to remove medical and dental expenses from the cap on itemized deductions and would result in a reduction in General Fund and Local Government Fund revenues of $5,097,320 and $268,280 in fiscal year 2014-15, respectively .