121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1651
		An Act to Conform the Maine Tax Laws for 2003 to the United States Internal Revenue Code
		LR 2503(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Lemoine of Old Orchard Beach
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$130,076	$449,776	$504,585	$560,051
Revenue
	General Fund		($130,076)	($449,776)	($504,585)	($560,051)
	Other Special Revenue Funds		($6,990)	($24,171)	($27,678)	($30,720)
Fiscal Detail and Notes
	This bill will reduce individual income tax collections by $137,066 in fiscal year 2003-04 and by $473,947 in fiscal year 2004-05.