121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1813
		An Act To Make Minor Substantive Changes to the Tax Laws
		LR 2504(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Lemoine of Old Orchard Beach
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$0	($49,474)	($4,807)	($5,000)
Revenue
	General Fund		$0	$49,474	$4,807	$5,000
	Other Special Revenue Funds		$0	$2,659	$264	$275
Fiscal Detail and Notes
	This bill is expected to increase individual income tax collections by $74,630 in fiscal year 2004-05 and decrease corporate income tax collections by $22,497 in fiscal year 2004-05, resulting in net General Fund savings of $49,474 in fiscal year 2004-05.
	General Fund  - Individual income tax			$70,824	$58,980	$61,339
	General Fund  - Corporate income tax			($21,350)	($54,173)	($56,339)
	Other Special Revenue Funds - Individual income tax			$3,806	$3,235	$3,365
	Other Special Revenue Funds - Corporate income tax			($1,147)	($2,971)	($3,090)