125th MAINE LEGISLATURE
LD 1130 LR 1804(02)
An Act To Amend the Laws Regarding the Determination of Domicile Based on the Geographic Location of an Individual's Bank
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Taxation
Fiscal Note Required: No
             
Fiscal Note
Minor revenue decrease - General Fund
Minor revenue decrease - Other Special Revenue Funds
Fiscal Detail and Notes
Amending the definition of "resident individual" for the income tax laws such that the geographic location of a financial institution with an active account or loan may not be used to determine Maine domicile may result in a minor revenue loss to the General Fund and a minor reduction in revenue sharing.