123rd MAINE LEGISLATURE
		LD 1461		LR 1729(01)
	An Act To Allow a Tax Credit for Tuition Paid to Private Schools
	Fiscal Note for Original Bill
	Sponsor: Sen. Sherman of Aroostook
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
Current biennium revenue decrease - General Fund Current biennium cost increase - General Fund
Fiscal Detail and Notes
	The General Fund revenue loss associated with the income tax credit for private school tuition is estimated to be $20,000,000 to $30,000,000 annually.  In addition, Maine Revenue Services will require a General Fund appropriation of $28,290 in fiscal year 2007-08 and $21,580 in fiscal year 2008-09 for the administrative costs related to this change, including funds for a part-time Tax Examiner position.