128th MAINE LEGISLATURE
		LD 1317		LR 1983(01)
	An Act To Encourage Family-friendly Businesses through a Tax Credit for Child Care
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Herbig of Belfast
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2017-18	FY 2018-19	Projections  FY 2019-20	Projections  FY 2020-21
Net Cost (Savings)
	General Fund		$98,000	$294,000	$332,500	$332,500
Revenue
	General Fund		($98,000)	($294,000)	($332,500)	($332,500)
	Other Special Revenue Funds		($2,000)	($6,000)	($17,500)	($17,500)
Fiscal Detail and Notes
	This bill reinstates the tax credit for employer-assisted day care, which expired at the end of 2015, for tax years beginning in 2017 and changes the amount of the credit.  It would result in a reduction in General Fund revenue of $98,000 in fiscal year 2017-18 and $294,000 in fiscal year 2018-19 and a reduction in Local Government Fund revenue of $2,000 in fiscal year 2017-18 and $6,000 in fiscal year 2018-19.