125th MAINE LEGISLATURE
		LD 421		LR 1250(02)
	An Act To Create the Maine Fishery Infrastructure Tax Credit Program
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$10,688	$50,825	$90,250	$128,250
Revenue
	General Fund		($10,688)	($50,825)	($90,250)	($128,250)
	Other Special Revenue Funds		($563)	($2,675)	($4,750)	($6,750)
Fiscal Detail and Notes
	Providing an income tax credit for investment in or contributions to eligible public fishery infrastructure projects for both saltwater and freshwater fisheries will result in losses to the General Fund and reduce revenue sharing.  The revenue losses resulting from the income tax credit appreciate over subsequent fiscal years because of the increasing numbers of eligible credits over time.
	Additional costs to the Department of Inland Fisheries and Wildlife associated with this legislation can be absorbed with existing staff and within existing budgeted resources.