125th MAINE LEGISLATURE
		LD 1147		LR 254(04)
	An Act To Conform Maine's Estate Tax to the Federal Estate Tax
	Fiscal Note for Senate Amendment "   " to Committee Amendment "A"
	Sponsor: Sen. Diamond of Cumberland
	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		$0	($10,464,435)	($12,253,605)	($12,682,149)
Revenue
	General Fund		$0	$10,464,435	$12,253,605	$12,682,149
Fiscal Detail and Notes
	Reducing the estate tax exclusion in the committee amendment from $5 million to $2 million and imposing a tax of $600,000 plus 12% of the excess over $8 million on taxable estates of $8 million or more will reduce the revenue loss associated with the committee amendment by $10,464,435 in fiscal year 2012-13.  Fiscal year 2011-12 remains unchanged from the committee amendment.