| 122nd MAINE LEGISLATURE | |||||||||
| LD 332 | LR 1549(03) | ||||||||
| An Act To Exempt Unemployment Benefits from State Income Tax | |||||||||
| Fiscal Note for Senate Amendment " " to Committee Amendment " " | |||||||||
| Sponsor: Sen. Courtney | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | ($6,335,821) | ($5,964,049) | ($6,573,418) | ($7,123,528) | |||||
| Appropriations/Allocations | |||||||||
| General Fund | ($23,955) | ($21,751) | ($24,105) | ($24,261) | |||||
| Revenue | |||||||||
| General Fund | $6,311,866 | $5,942,298 | $6,549,313 | $7,099,267 | |||||
| Other Special Revenue Funds | $339,205 | $319,344 | $359,245 | $389,411 | |||||
| Fiscal Detail and Notes | |||||||||
| This amendment reduces the cost of Committee Amendment "A" by $6,335,821 in fiscal year 2005-06 and $5,964,049 in fiscal year 2006-07 as a result of limiting the income tax deduction for unemployment compensation. | |||||||||