121st Maine Legislature
		Office of Fiscal and Program Review
		LD 289
		An Act to Create the Family Technology Assistance Tax Credit
		LR 0219(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Bliss
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
		2002-03	2003-04	2004-05	2005-06	2006-07
Net Cost (Savings):
	General Fund		$12,880,349	$11,197,612	$11,197,961	$11,198,320
Appropriations/Allocations
	General Fund		$19,171	$13,979	$14,328	$14,687
Revenue
	General Fund		($12,861,178)	($11,183,633)	($11,183,633)	($11,183,633)
	Other Special Revenue Funds		($705,465)	($613,448)	($613,448)	($613,448)
Fiscal Detail and Notes
	This bill provides a nonrefundable income tax credit for certain taxpayers who purchase a home computer.  This change will reduce sales and use tax collections by an estimated $13,566,643 in fiscal year 2003-04 and $11,797,081 in fiscal year 2004-05.  The reduction of these tax collections will decrease the amounts transferred to the Local Government Fund for state-municipal revenue sharing by $705,465 and $613,448 in those years.  The resulting net reduction of General Fund revenue is estimated to be $12,861,178 in fiscal year 2003-04 and $11,183,633 in fiscal year 2004-05.  Maine Revenue Services will also require a General Fund appropriation of $19,171 in fiscal year 2003-04 and $13,979 in fiscal year 2004-05 for the administrative costs associated with this change.