| 123rd MAINE LEGISLATURE | ||||||
| LD 952 | LR 555(02) | |||||
| An Act To Reduce the Income Tax | ||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $0 | $8,932,896 | $6,155,234 | ||
| Revenue | ||||||
| General Fund | $0 | $0 | ($8,932,896) | ($6,155,234) | ||
| Fiscal Detail and Notes | ||||||
| Dedicating a portion of income tax revenue growth to the Tax Relief Fund for Maine Residents will decrease General Fund revenue by an estimated $8,932,896 in fiscal year 2009-10 and $6,155,234 in fiscal year 2010-11. | ||||||