123rd MAINE LEGISLATURE
		LD 737		LR 1458(01)
	An Act To Promote Forest Management Planning and Certification
	Fiscal Note for Original Bill
	Sponsor: Rep. Watson of Bath
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$11,294	$45,759	$48,130	$50,623
Revenue
	General Fund		($11,294)	($45,759)	($48,130)	($50,623)
	Other Special Revenue Funds		($619)	($2,510)	($2,640)	($2,777)
Fiscal Detail and Notes
	Increasing the income tax credit for forest management planning will reduce income tax collections by $11,913 in fiscal year 2007-08 and $48,269 in fiscal year 2008-09, resulting in a General Fund revenue loss of $11,294 and $45,759 respectively.