123rd MAINE LEGISLATURE
		LD 349		LR 233(01)
	An Act To Provide a Tax Credit for the Purchase of Small Wind Power Generators for Personal or Small Business Use
	Fiscal Note for Original Bill
	Sponsor: Rep. Browne of Vassalboro
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$105,945	$75,230	$77,487	$79,811
Appropriations/Allocations
	General Fund		$22,000	$0	$0	$0
Revenue
	General Fund		($83,946)	($75,230)	($77,487)	($79,811)
	Other Special Revenue Funds		($4,605)	($4,127)	($4,250)	($4,378)
Fiscal Detail and Notes
	The General Fund revenue loss associated with the income tax credit for small wind power generators is $83,946 in fiscal year 2007-08 and $75,230 in fiscal year 2008-09.  Maine Revenue Services will also require a one-time General Fund appropriation of $22,000 for the necessary computer programming costs.  The additional costs associated with requiring the Public Utilities Commission to certify which small wind power generators would qualify for a tax credit can be absorbed utilizing existing budgeted resources.