| 122nd MAINE LEGISLATURE | |||||||||
| LD 436 | LR 0391(01) | ||||||||
| An Act To Eliminate Estate Taxes on Family-owned Businesses | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Bowen of Rockport | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $9,685,217 | $12,989,238 | $14,150,759 | $15,253,740 | |||||
| Revenue | |||||||||
| General Fund | ($9,685,217) | ($12,989,238) | ($14,150,759) | ($15,253,740) | |||||
| Fiscal Detail and Notes | |||||||||
| This bill is expected to reduce General Fund revenue by $9,685,217 in fscal year 2005-06 and $12,989,238 in fiscal year 2006-07. | |||||||||