128th MAINE LEGISLATURE
LD 1317 LR 1983(02)
An Act To Encourage Family-friendly Businesses through a Tax Credit for Child Care
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
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.