125th MAINE LEGISLATURE
		LD 835		LR 1210(13)
	An Act To Strengthen Maine's Economy through Improvements to the Educational Opportunity Tax Credit
	Fiscal Note for House Amendment "   " to Committee Amendment "C"
	Sponsor: Rep. Damon of Bangor
	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		$0	$5,700	$12,350	$19,950
Revenue
	General Fund		$0	($5,700)	($12,350)	($19,950)
	Other Special Revenue Funds		$0	($300)	($650)	($1,050)
Fiscal Detail and Notes
	The amendment expands eligibility for the educational opportunity tax credit to include individuals who are domiciled in Maine but are deployed for military service outside the state so long as all other qualifications are met. Compared to Committee Amendment "C", this House amendment will decrease General Fund revenue by an estimated $5,700 in FY 2012-13, $12,350 in FY 2013-14 and $19,950 in FY 2014-15. Revenue sharing will be reduced in each year.