125th MAINE LEGISLATURE
		LD 22		LR 23(01)
	An Act To Improve the Maine Seed Capital Tax Credit
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Valentino of Saco
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$0	$53,200	$32,300	$12,350
Revenue
	General Fund		$0	($53,200)	($32,300)	($12,350)
	Other Special Revenue Funds		$0	($2,800)	($1,700)	($650)
Fiscal Detail and Notes
	Expanding the Maine Seed Capital Tax Credit will reduce income tax revenues beginning in fiscal year 2013.  Any additional costs associated with administrating the credits can be absorbed within existing budgeted resources.
	Additional costs to the Finance Authority of Maine associated with rulemaking can be absorbed within existing budgeted resources.