129th MAINE LEGISLATURE
		LD 72		LR 296(01)
	An Act To Provide an Income Tax Exemption for Military Pay without Regard to Where the Military Service Was Performed
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Dill of Penobscot
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2019-20	FY 2020-21	Projections  FY 2021-22	Projections  FY 2022-23
Net Cost (Savings)
	General Fund		$190,000	$190,000	$190,000	$190,000
Revenue
	General Fund		($190,000)	($190,000)	($190,000)	($190,000)
	Other Special Revenue Funds		($10,000)	($10,000)	($10,000)	($10,000)
Fiscal Detail and Notes
	This bill provides an income tax exemption for military compensation for active duty service by members of the Armed Forces of the United States, including reserve components, when that service is performed within the State. This exemption will reduce General Fund revenue annually by $190,000 and reduce Other Special Revenue Funds revenue annually by $10,000 beginning in fiscal year 2019-20.