| 123rd MAINE LEGISLATURE | ||||||
| LD 529 | LR 1143(03) | |||||
| An Act To Encourage Newly Retired Veterans To Reside in Maine | ||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $298,187 | $382,916 | $542,465 | $702,013 | ||
| Appropriations/Allocations | ||||||
| General Fund | $11,000 | $0 | $0 | $0 | ||
| Revenue | ||||||
| General Fund | ($287,187) | ($382,916) | ($542,465) | ($702,013) | ||
| Other Special Revenue Funds | ($15,753) | ($21,004) | ($29,755) | ($38,507) | ||
| Fiscal Detail and Notes | ||||||
| Exempting from the state income tax certain military retitrement benefits will reduce General Fund revenue by an estimated $287,187 in fiscal year 2007-08 and $382,916 in fiscal year 2008-09. This bill also includes a one-time General Fund appropriation of $11,000 in fiscal year 2007-08 for Maine Revenue Services' computer programming costs. | ||||||