125th MAINE LEGISLATURE
		LD 836		LR 1032(02)
	An Act To Repeal the Alternative Minimum Tax
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$1,862,000	$4,604,460	$4,479,444	$4,338,802
Revenue
	General Fund		($1,862,000)	($4,604,460)	($4,479,444)	($4,338,802)
	Other Special Revenue Funds		($98,000)	($242,340)	($235,760)	($228,358)
Fiscal Detail and Notes
	Repealing the alternative minimum tax will reduce income tax collections, resulting in revenue losses to the General Fund and revenue sharing.