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129th MAINE LEGISLATURE |
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LD 2011 |
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LR 2993(02) |
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An Act To Update
Certain Provisions in the Income Tax and Service Provider Tax Laws |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
($3,117,525) |
($1,668,200) |
($844,550) |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$26,000 |
$0 |
$0 |
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| Revenue |
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General Fund |
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$0 |
$3,143,525 |
$1,668,200 |
$844,550 |
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Other Special Revenue Funds |
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$0 |
$122,475 |
$87,800 |
$44,450 |
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| Fiscal Detail
and Notes |
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This bill makes
changes to the state tax laws and will increase General Fund revenue by
$3,143,525 in fiscal year 2020-21 and increase Other Special Revenue Funds
revenue by $122,475 in fiscal year 2020-21.
The bill includes a one-time General Fund appropriation to the
Department of Administrative and Financial Services of $26,000 in fiscal year
2020-21 for computer programming costs. |
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