123rd MAINE LEGISLATURE
		LD 1400		LR 2113(02)
	An Act To Amend the Laws Governing the Taxation of Partnerships
	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		$1,004,127	$750,583	$779,784	$810,975
Appropriations/Allocations
	General Fund		$33,300	$0	$0	$0
Revenue
	General Fund		($970,827)	($750,583)	($779,784)	($810,975)
	Other Special Revenue Funds		($52,173)	($40,337)	($42,773)	($44,484)
Fiscal Detail and Notes
	Changing the taxation of the partnership income of certain nonresidents will decrease General Fund Revenue by $970,827 in fiscal year 2007-08 and $750,583 in fiscal year 2008-09.  This bill also includes a one-time General Fund appropriation of $33,300 in fiscal year 2007-08 for Maine Revenue Services' administrative programming costs.