124th MAINE LEGISLATURE
		LD 196		LR 288(02)
	An Act To Exempt Military Pensions from Income Tax
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		$9,685,217	$10,254,670	$10,869,950	$11,552,147
Appropriations/Allocations
	General Fund		$11,000	$0	$0	$0
Revenue
	General Fund		($9,674,217)	($10,254,670)	($10,869,950)	($11,552,147)
	Other Special Revenue Funds		($525,783)	($557,330)	($590,770)	($627,846)
Fiscal Detail and Notes
	The bill exempts certain military retirement benefits from the state income tax and reduces General Fund revenue by $9,674,217 in fiscal year 2009-10 and $10,254,670 in fiscal year 2010-11.  Local Government Fund revenue loss will be $525,783 in fiscal year 2009-10 and $557,330 in fiscal year 2010-11. A one-time General Fund appropriation of $11,000 is provided in fiscal year 2009-10 for Maine Revenue Services related computer programming costs.