LD 365 LR 1218(02)
An Act To Provide a Tax Reduction for Modifications To Make a Home More Accessible for a Person with a Disability
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
General Fund $50,000 $143,250 $171,125 $185,375
General Fund $50,000 $72,000 $50,000 $50,000
General Fund $0 ($71,250) ($121,125) ($135,375)
Other Special Revenue Funds $0 ($3,750) ($6,375) ($7,125)
Fiscal Detail and Notes
This legislation creates a tax credit for expenses incurred for certain home modifications to make a homestead accessible to an individual with a disability or physical hardship and would result in a reduction in General Fund revenue of $71,250 in fiscal year 2016-17 and a reduction in Local Government Fund revenue of $3,750 in fiscal year 2016-17.  The bill includes a one-time General Fund appropriation to the Department of Administrative and Financial Services of $22,000 in fiscal year 2016-17 for computer programming charges.
This bill also includes General Fund appropriations of $50,000 per year beginning in fiscal year 2015-16 to a newly created Home Modification Certification program within the Maine State Housing Authority for the cost of making the required certification.