125th MAINE LEGISLATURE
		LD 836		LR 1032(01)
	An Act To Repeal the Alternative Minimum Tax
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Knight of Livermore Falls
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$5,225,000	$5,225,000	$5,225,000	$5,225,000
Revenue
	General Fund		($5,225,000)	($5,225,000)	($5,225,000)	($5,225,000)
	Other Special Revenue Funds		($275,000)	($275,000)	($275,000)	($275,000)
Fiscal Detail and Notes
	Repealing the alternative minimum tax will reduce income tax collections, resulting in revenue losses to the General Fund and revenue sharing.