121st Maine Legislature
		Office of Fiscal and Program Review
		LD 868
		An Act To Immediately Eliminate the Marriage Penalty under the Income Tax Laws
		LR 0975(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Glynn of South Portland
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$22,164,954	$17,091,985	$15,759,008	$10,351,512
Appropriations/Allocations
	General Fund		$300	$300	$300	$300
Revenue
	General Fund		($22,164,654)	($17,091,685)	($15,758,708)	($10,351,212)
	Other Special Revenue Funds		($1,191,146)	($918,521)	($864,402)	($567,788)
Fiscal Detail and Notes
	This bill changes the standard deduction for certain taxpayers.  This change will reduce income tax collections by an estimated $23,355,800 in fiscal year 2003-04 and $18,010,206 in fiscal year 2004-05.  The reduction of these tax collections will decrease the amounts transferred to the Local Government Fund for state-municipal revenue sharing in those years by $1,191,146 and $918,521.  The resulting net reduction of General Fund revenue is estimated to be $22,164,654 in fiscal year 2003-04 and $17,091,685 in fiscal year 2004-05, based on tax years beginning on or after January 1, 2003.  Maine Revenue Services will also require annual General Fund appropriation of $300 for the administrative costs assoicated with this change.  This estimate reflects changes made in the Governor's 2004-2005 current services budget, PL 2003, chapter 20.