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122nd MAINE LEGISLATURE |
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LD 241 |
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LR 1580(01) |
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An Act
To Ensure That the Exemption for Pensions Is Applied Fairly |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Davis of Falmouth |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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Projections |
Projections |
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2005-06 |
2006-07 |
2007-08 |
2008-09 |
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| Net Cost
(Savings) |
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General Fund |
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$35,745,377 |
$25,697,664 |
$26,190,852 |
$26,869,005 |
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| Revenue |
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General Fund |
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($35,745,377) |
($25,697,664) |
($26,190,852) |
($26,869,005) |
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Other Special Revenue Funds |
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($1,949,360) |
($1,409,577) |
($1,436,629) |
($1,473,827) |
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| Fiscal Detail
and Notes |
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Increasing
the pension income deduction is expected to reduce General Fund revenue by
$35,745,377 in fiscal year 2005-06 and $25,697,664 in fiscal year 2006-07. |
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