125th MAINE LEGISLATURE
		LD 489		LR 634(01)
	An Act To Exempt Active Duty Armed Services Income from the Income Tax
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Harvell of Farmington
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$3,800,000	$3,800,000	$3,800,000	$3,800,000
Revenue
	General Fund		($3,800,000)	($3,800,000)	($3,800,000)	($3,800,000)
	Other Special Revenue Funds		($200,000)	($200,000)	($200,000)	($200,000)
Fiscal Detail and Notes
	Exempting personal income received by active duty members of the Armed Forces of the United States from state income taxation will reduce revenues to the General Fund and reduce revenue sharing.