amendment removes the provisions of the committee amendment related to
extending the Maine capital investment credit for taxable years beginning in
2014. It also increases, on a one-time
basis, the individual income tax refunds of all taxpayers filing for a
property tax fairness credit for tax year ended December 31, 2014 by 30%.
These provisions increase General Fund revenue by $296,404 in fiscal
year 2015 and by $300,184 in fiscal year 2016, and decrease General Fund
revenue by $2,559,887 in fiscal year 2017.
They also increase Local Government Funds revenue by $15,600 in fiscal
year 2015 and $15,799 in fiscal year 2016, and decrease Local Government
Funds revenue by $134,731 in fiscal year 2017. The Department of Administrative and
Financial Services will require a one-time General Fund appropriation of
$90,000 in fiscal year 2014-15 for computer programming, check printing and
mailing costs related to changes to accommodate the one-time 30% additional