121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1385
		An Act To Establish the Pine Tree Development Zones Program
		LR 2032(06)
						Fiscal Note for Senate Amendment " " to Committee Amendment "A"
		Sponsor: Sen. Gagnon of Kennebec
		Fiscal Note Required: Yes
Fiscal Note
Potential current bienniem revenue decrease - General Fund
Current biennium cost increase - General Fund
Fiscal Detail and Notes
	This amendment will increase the areas eligible for designation as a Pine Tree Development Zone and may increase the revenue loss associated with this bill.  The amount of the potential additional impact will depend on whether the Commissioner of Economic and Community Development designates a zone meeting the expanded definition through the application process for the 4 zones undesignated within the bill.  This amendment also increases the administrative costs to Maine Revenue Services by approximately  $72,000 in fiscal year 2003-04 and $94,000 in fiscal year 2004-05.  This increase represents the cost of one Policy Development Specialist position identified by Maine Revenue Services as necessary to review Pine Tree Development Zone applications to determine if the expansion would occur elsewhere in the state absent these benefits.  If this position is not funded there may be delays in the approval of applications and/or adverse effects on other programs.