125th MAINE LEGISLATURE
LD 1164 LR 1774(02)
An Act To Support Maine Farms and Alleviate Hunger
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 $0 $817,000 $2,726,500 $2,726,500
Revenue
General Fund $0 ($817,000) ($2,726,500) ($2,726,500)
Other Special Revenue Funds $0 ($43,000) ($143,500) ($143,500)
Fiscal Detail and Notes
Providing a non-refundable income tax credit of up to $2,500 to persons engaged in commercial agricultural production for donations of food to incorporated nonprofit organizations that provide free food to low-income persons to alleviate hunger will reduce revenues to the General Fund and reduce revenue sharing.