| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 514 | |||||||
| An Act To Increase the Personal Income Tax Exemption | |||||||
| LR1472(01) | |||||||
| Fiscal Note for Original Bill | |||||||
| Sponsor: Rep. Cressey of Baldwin | |||||||
| Committee: Taxation | |||||||
| Fiscal Note Required: Yes | |||||||
| Fiscal Note | |||||||
| Current biennium revenue decrease - General Fund | |||||||
| Fiscal Detail and Notes | |||||||
| Increasing the personal income tax exemption is expected to reduce General Fund revenue by approximately $160,000,000 per year. | |||||||