124th MAINE LEGISLATURE
		LD 1495		LR 2026(01)
	An Act To Implement Tax Relief and Tax Reform
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Watson of Bath
	Committee: Not Referred
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		($7,395,539)	$7,342,141	$7,260,226	($3,739,729)
Appropriations/Allocations
	General Fund		$523,073	$1,511,091	$967,304	$1,015,664
	Other Special Revenue Funds		$0	$2,861,638	$4,313,954	$4,347,668
Revenue
	General Fund		$7,918,612	($5,831,050)	($6,292,922)	$4,755,393
	Other Special Revenue Funds		$408,348	$2,751,668	$4,207,255	$4,831,512
Fiscal Detail and Notes
	Summary of Revenue:
	Income Tax
	General Fund		($32,754,888)	($84,496,413)	($87,556,532)	($80,599,763)
	Local Government Fund		($1,728,152)	($4,442,970)	($4,610,871)	($4,239,462)
	Sales and Use Tax
	General Fund		$40,673,500	$79,475,363	$81,263,610	$85,355,156
	Local Government Fund		$2,136,500	$4,333,000	$4,504,082	$4,723,306
	Tourism Fund		$0	$2,861,638	$4,313,954	$4,347,668
	Tax and Rent Relief
	General Fund		$0	($810,000)	$0	$0
	Total General Fund Revenue		$7,918,612	($5,831,050)	($6,292,922)	$4,755,393
	General Fund Appropriations:
	Maine Revenue Services Administrative Cost		$523,073	$1,511,091	$967,304	$1,015,664