| 122nd MAINE LEGISLATURE | |||||||||
| LD 112 | LR 0321(01) | ||||||||
| An Act To Conform Maine Estate Tax Law with Federal Estate Tax Laws | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Curley of Scarborough | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $193,200 | $298,800 | $298,800 | $298,800 | |||||
| Revenue | |||||||||
| General Fund | ($193,200) | ($298,800) | ($298,800) | ($298,800) | |||||
| Fiscal Detail and Notes | |||||||||
| This bill is expected to reduce General Fund revenue by $193,200 in fiscal year 2005-06 and $298,800 in fiscal year 2006-07 as a result of these estate tax provisions. Similar provisions and the General Fund revenue loss are contained in Part N of LD 468, the Governor's Part I budget. | |||||||||