123rd MAINE LEGISLATURE
		LD 206		LR 782(01)
	An Act To Provide an Inflation Adjustment to the Income Tax Exemption for Private, Public and Military Pensions
	Fiscal Note for Original Bill
	Sponsor: Rep. Crockett of Augusta
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$250,272	$872,160	$1,492,152	$2,136,792
Revenue
	General Fund		($250,272)	($872,160)	($1,492,152)	($2,136,792)
	Other Special Revenue Funds		($13,728)	($47,840)	($81,848)	($117,208)
Fiscal Detail and Notes
	The estimated General Fund cost of applying an annual inflation adjustment to the deduction for certain pensions is $250,272 in fiscal year 2007-08 and $872,160 in fiscal year 2008-09.