121st Maine Legislature
Office of Fiscal and Program Review
LD 1684
An Act To Make Retirement Benefits More Equitable by Imposing a Surcharge on Income from Congressional Retirement Benefits
LR 2238(01)
Fiscal Note for Original Bill
Sponsor: Sen. Davis of Piscataquis
Committee: Taxation
Fiscal Note Required: Yes
   
             
Fiscal Note
Potential current biennium revenue increase - General Fund
Fiscal Detail and Notes
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.