129th MAINE LEGISLATURE
		LD 2010		LR 2994(02)
	An Act To Update References Contained in the Maine Revised Statutes to the United States Internal Revenue Code of 1986
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2019-20	FY 2020-21	Projections  FY 2021-22	Projections  FY 2022-23
Net Cost (Savings)
	General Fund		$2,783,900	$2,141,562	$171,000	$147,250
Revenue
	General Fund		($2,783,900)	($2,141,562)	($171,000)	($147,250)
	Other Special Revenue Funds		($86,100)	($83,438)	($9,000)	($7,750)
Fiscal Detail and Notes
	This bill provides conformity with the United States Internal Revenue Code of 1986 and would result in a reduction in General Fund revenue of $2,783,900 in fiscal year 2019-20 and $2,141,562 in fiscal year 2020-21.  It would also reduce Local Government Fund revenue by $86,100 in fiscal year 2019-20 and by 83,438 in fiscal year 2020-21.