123rd MAINE LEGISLATURE
		LD 349		LR 233(04)
	An Act To Provide a Tax Credit for the Purchase of Small Wind Power Generators for Personal or Small Business Use
	Fiscal Note for Bill as Amended by Committee Amendment "     "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$0	$108,555	$77,487	$67,535
Appropriations/Allocations
	General Fund		$0	$22,000	$0	$0
Revenue
	General Fund		$0	($86,555)	($77,487)	($67,535)
	Other Special Revenue Funds		$0	($4,652)	($4,250)	($3,705)
Fiscal Detail and Notes
	The General Fund revenue loss associated with an income tax credit for a small wind power generator intended to provide electricity to a household or a small business is estimated to be $86,555 in fiscal year 2008-09.  Maine Revenue Services will also require a one-time General Fund appropriation of $22,000 in fiscal year 2008-09 for the computer programming costs associated with the small wind power generator credit.