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129th MAINE LEGISLATURE |
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LD 1637 |
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LR 2296(01) |
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An Act To Prevent
Medicaid Payment from a Savings Account Established under the Federal ABLE
Act of 2014 |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Libby of Androscoggin |
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Committee: Health and Human Services |
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Fiscal Note Required: No |
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| Preliminary
Fiscal Impact Statement |
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Minor revenue decrease - General Fund
Minor revenue decrease - Local Government Fund |
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| Fiscal Detail
and Notes |
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The provision of
the bill providing that earnings on funds held in an ABLE account are exempt
from individual income tax will result in minor decreases in General Fund and
Local Government Fund revenues not requiring any change to the budget. |
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