121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1745
		An Act To Exempt Unemployment Benefits from State Income Tax
		LR 2252(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Clark of Millinocket
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
		2002-03	2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$2,446,066	$6,034,838	$5,745,441	$5,715,138
Appropriations/Allocations
	General Fund		0	$55,113	$48,037	$50,212
Revenue
	General Fund		($2,446,066)	($5,979,725)	($5,697,404)	($5,664,926)
	Other Special Revenue Funds		($131,454)	($321,355)	($312,516)	($310,734)
Fiscal Detail and Notes
	This bill will reduce revenue generated through the income tax by $2,577,520 in fiscal year 2003-04 and $6,301,080 in fiscal year 2004-05.  Maine Revenue Services will also require a General Fund appropriation of $55,113 in fiscal year 2004-05 for a part time Tax Examiner position and other related administrative costs.