An Act To Provide Tax Relief for Maine's Citizens by Reducing Income Taxes
Maine Legislature, Session 125, LD 0849
Committee Amendment CA_C-SA_F_S596 (Senate)

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SENATE AMENDMENT "I- "to COMMITTEE AMENDMENT "C" to S.P. 252, 
L.D. 849, Bill, "An Act To Provide Tax Relief for Maine's Citizens by Reducing Income 
Taxes" 
Amend the amendment in section 1 in § I5I8-A in subsection 4 in the 4th line (page 
2, line 20 in amendment) by striking out the following: "Fund revenue" and inserting the 
following: 'Fund budgeted revenue' 
Amend the amendment in section 2 in subsection 1 by striking out all of paragraphs 
A to F (page 2, lines 31 to 41 in amendment) and inserting the following: 
'A. Thirty-five percent to the stabilization fund; 
B. T\venty Thirteen percent to the Retirement Allowance Fund established in section 
17251; 
C. Twentv Thirteen percent to the Reserve for General Fund Operating Capital; 
D. 
Fifteen Nine percent to the Retiree Health Insurance Internal Service Fund 
established in section 1519 to be used solely for the purpose of amortizing the 
unfunded actuarial liability associated with future health benefits; and 
E. 
Ten percent to the Capital Construction and Improvements Reserve Fund 
established in section 1516-A.; and 
F. Twenty percent to the Tax Relief Fund for Maine Residents established in section 
1518-A.' 
SU~RY 
This amendment decreases the percentage of excess revenue that is transferred to the 
Tax Relief Fund for Maine Residents from 40% to 20% and revises the percentages of 
excess revenue that are transferred to certain other accounts in the cascade. In addition, 
SENATE AMENDMENT 
~{)t~ 
SENATE AMENDMENT" F "to COMMITTEE AMENDMENT "C" to S,P, 252, L.D, 849 
this amendment makes a technical correction to clarifY that the amount to be transferred 
to the Tax Relief Fund for Maine Residents is based on the amount by which General 
Fund budgeted revenue exceeds the General Fund appropriation limitation for that fiscal 
year. 
FISCAL NOTE REQUIRED 
(See attached) 
SPONSOREDB~ 
(Senator ROSEN, R.) 
COUNTY: Hancock 
SENA TE AMENDMENT 
Approved: 05/14/12 frac 
LD849 
LR 149(27) 
An Act To Provide Tax Relief for Maine's Citizens by Reducing Income Taxes 
Fiscal Note for Senate Amendment" a::" to Committee Amendment "C" S -51~ 
Sponsor: Sen. Rosen of Hancock 
Fiscal Note Required: Yes 
Fiscal Note 
Potential future biennium revenue increase - General Fund 
Fiscal Detail and Notes 
This amendment stipulates that the amount to be transferred to the Tax Relief Fund for Maine Residents is based on 
the amount by which General Fund budgeted revenues exceed the General Fund appropriation limitation for that fiscal 
year. It also decreases the percentage of excess revenue that is transferred to the Tax Relief Fund from 40% to 20% 
and revises the percentages of revenue that are transferred to other accounts in the cascade. Based on currently 
budgeted revenue, no transfers of General Fund revenue in excess of the appropriation limitation are expected through 
the end of fiscal year 2014-15. The amendment would lead to a potential increase in General Fund revenues relative to 
the committee amendment as any future tax decreases that might take place would be smaller than under the 
committee amendment. 
LR0149(27) - Fiscal Note - Page 1 of 1