| 125th MAINE LEGISLATURE | ||||||
| LD 433 | LR 1491(01) | |||||
| An Act To Exempt from Income Tax the Income of Nonresidents Working in Maine Pursuant to an Interlocal Agreement | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Sen. Hill of York | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: No | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| Minor revenue decrease - General Fund | ||||||
| Fiscal Detail and Notes | ||||||
| Exempting the income of nonresidents working in Maine as employees of a political subdivision of an adjoining state pursuant to an interlocal agreement from taxation may result in a minor decrease to General Fund revenue. Any administrative costs to administer the exemption can be absorbed by Maine Revenue Services within existing budgeted resources. | ||||||