| 122nd MAINE LEGISLATURE | |||||||||
| LD 195 | LR 0418(01) | ||||||||
| An Act To Conform the Maine Tax Code with the Federal Health Savings Accounts Laws | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Rector of Thomaston | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $579,241 | $504,585 | $560,051 | $608,756 | |||||
| Revenue | |||||||||
| General Fund | ($579,241) | ($504,585) | ($560,051) | ($608,756) | |||||
| Other Special Revenue Funds | ($31,773) | ($27,678) | ($30,720) | ($33,392) | |||||
| Fiscal Detail and Notes | |||||||||
| This bill is expected to reduce General Fund revenue by $579,241 in fiscal year 2005-06 and $504,585 in fiscal year 2006-07 due to the changes in the treatment of federal health savings accounts. | |||||||||