124th MAINE LEGISLATURE
		LD 1279		LR 1184(02)
	An Act To Reduce Income Tax to 4.5% and Remove Low-income Families from Taxation
	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		$0	$593,750,000	$611,562,500	$629,909,375
Revenue
	General Fund		$0	($593,750,000)	($611,562,500)	($629,909,375)
	Other Special Revenue Funds		$0	($31,250,000)	($32,187,500)	($33,153,125)
Fiscal Detail and Notes
	This bill will reduce General Fund revenue by an estimated $593,750,000 in fiscal year 2010-11 if the people's veto of PL 2009, chapter 382 succeeds and PL 2009, chapter 382 does not become law.