125th MAINE LEGISLATURE
		LD 1161		LR 1281(01)
	An Act To Waive Penalties Imposed under Laws Governing Taxation for Persons Who Are Unemployed
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Bolduc of Auburn
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Potential current biennium revenue decrease - General Fund
Fiscal Detail and Notes
	Requiring the State Tax Assessor to waive penalties imposed on ratepayers for failing to file income tax returns or failing to pay income taxes if the ratepayer is unemployed and can furnish proof of that status is anticipated to result in significant ongoing revenue reductions to the General Fund starting in fiscal year 2011-12.  Maine Revenue Service states that the amount of the revenue reductions cannot be known until certain terms of the bill have been clarified.