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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1684 |
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An Act
To Make Retirement Benefits More Equitable by Imposing a Surcharge on Income
from Congressional Retirement Benefits |
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LR 2238(01) |
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Fiscal Note for Original Bill |
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Sponsor: Sen. Davis of Piscataquis |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Potential current biennium revenue increase - General Fund |
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Fiscal Detail
and Notes |
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This
bill will increase income tax collections and result in an increase in
General Fund revenue and an increase in Other Special Revenue funds
transferred to the Local Government Fund for municipal revenue sharing. The amount of the increase can not be
estimated at this time and will depend on the number of members of Congress
that retire. |
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