124th MAINE LEGISLATURE
		LD 198		LR 303(02)
	An Act To Recouple Maine Estate Tax with the Federal Estate 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		$15,912,514	$1,381,138	$0	$0
Revenue
	General Fund		($15,912,514)	($1,381,138)	$0	$0
Fiscal Detail and Notes
	This bill provides that Maine estate tax  will conform to the Federal estate tax guidelines beginning January 1, 2009.  This conformity will reduce General Fund revenue by $15,912,514 in FY 2009-10 and $1,381,138 in FY 2010-11. The additional costs to Maine Revenue Services associated with complying with this change in tax law can be absorbed within existing budgeted resources.