| 125th MAINE LEGISLATURE | ||||||
| LD 1130 | LR 1804(03) | |||||
| 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 Engrossed with: C "A" (S-59) |
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| Committee: Taxation | ||||||
| Fiscal Note | ||||||
| Minor revenue decrease - General Fund Minor revenue decrease - Other Special Revenue Funds |
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| 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. | ||||||