121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1670
		An Act To Include Disability Retirement Income in Retirement Income Eligible for Tax Exemption
		LR 2235(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$0	$979,051	$2,484,168	$2,583,535
Revenue
	General Fund		$0	($979,051)	($2,484,168)	($2,583,535)
	Other Special Revenue Funds		$0	($52,615)	($136,262)	($141,713)
Fiscal Detail and Notes
	This bill is expected to reduce income tax collections by $1,031,666 in fiscal year 2004-05, resulting in a General Fund revenue decrease of $979,051 and an Other Special Revenue funds decrease of $52,615 for state-municipal revenue sharing.