LD 1655 LR 2770(08)
An Act To Conform to the United States Internal Revenue Code of 1986 and Provide Tax Relief to Maine Families
Fiscal Note for Bill as Engrossed with:
C "B" (S-477)
S "A" (S-496) to C "B" (S-477)
Committee: Taxation
Fiscal Note
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Net Cost (Savings)
General Fund $0 $22,410,320 $19,875,900 $26,999,000
General Fund $0 $229,000 $0 $0
General Fund $0 ($22,181,320) ($19,875,900) ($26,999,000)
Other Special Revenue Funds $0 ($452,680) ($1,046,100) ($1,421,000)
Fiscal Detail and Notes
This bill reduces General Fund revenue by an estimated $22,181,320 in fiscal year 2018-19. Local Government Fund revenue will be reduced by an estimated $452,680 in fiscal year 2018-19. The bill provides a one-time General Fund appropriation of $229,000 in fiscal year 2018-19 to the Department of Administrative and Financial Services for computer programming costs.