122nd MAINE LEGISLATURE
LD 1059 LR 0167(01)
An Act To Reduce Maine's Income Tax Burden
Fiscal Note for Original Bill
Sponsor: Sen. Nass of York
Committee: Taxation
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
General Fund $163,829,398 $416,945,818 $435,708,380 $455,315,257
Revenue
General Fund ($163,829,398) ($416,945,818) ($435,708,380) ($455,315,257)
Other Special Revenue Funds ($8,986,423) ($22,870,446) ($23,899,616) ($24,975,098)
Fiscal Detail and Notes
This bill is expected to reduce General Fund income tax revenue by $163,829,398 in fiscal year 2005-06 and $416,945,818 in fiscal year 2006-07.