127th MAINE LEGISLATURE
		LD 138		LR 1855(02)
	An Act To Update References to the United States Internal Revenue Code of 1986 Contained in the Maine Revised Statutes, Decouple Federal Bonus Depreciation Deductions and Create a Maine Capital Investment Credit
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Appropriations and Financial Affairs
	Fiscal Note Required: Yes
Fiscal Note
		FY 2014-15	FY 2015-16	FY 2016-17	Projections  FY 2017-18	Projections  FY 2018-19
Net Cost (Savings)
	General Fund	$16,014,150	($107,150)	($4,576,150)	($4,661,650)	($3,503,600)
Revenue
	General Fund	($16,014,150)	$107,150	$4,576,150	$4,661,650	$3,503,600
	Other Special Revenue Funds	($842,850)	$5,650	$240,850	$245,350	$184,400
Fiscal Detail and Notes
	This bill proposes to conform to certain federal tax laws and would result in a loss of General Fund revenue of $16,014,150 in fiscal year 2014-15, an increase of $107,150 in fiscal year 2015-16 and an increase of $4,756,150 in fiscal year 2016-17.  It would also result in a reduction in transfers to the Local Government Fund of $842,850 in fiscal year 2014-15, an increase of $5,650 in fiscal year 2015-16 and an increase of $240,850 in fiscal year 2016-17.