125th MAINE LEGISLATURE
		LD 1350		LR 144(01)
	An Act To Provide Income Tax Relief
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Stuckey of Portland
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$0	$164,749,000	$164,749,000	$164,749,000
Revenue
	General Fund		$0	($164,749,000)	($164,749,000)	($164,749,000)
	Other Special Revenue Funds		$0	($8,761,000)	($8,761,000)	($8,761,000)
Fiscal Detail and Notes
	Establishing an income tax rate structure with 6 income tax bracket thresholds with top marginal tax rates from 0% to 10% with progressivity levels maintained by periodic adjustments every 5 years by the State Tax Assessor will reduce revenues to the General Fund and will reduce revenue sharing.