LD 365 LR 1218(05)
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 Engrossed with:
C "A" (H-277)
S "A" (S-490) to C "A" (H-277)
Committee: Taxation
Fiscal Note
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
General Fund $0 $50,000 $145,500 $174,950
General Fund $0 $50,000 $72,000 $50,000
General Fund $0 $0 ($73,500) ($124,950)
Other Special Revenue Funds $0 $0 ($1,500) ($2,550)
Fiscal Detail and Notes
This bill includes General Fund appropriations of $50,000 per year beginning in fiscal year 2016-17 to a newly created Home Modification Certification program within the Maine State Housing Authority for the cost of making the required certification.
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 and Local Government Fund revenue beginning in fiscal year 2017-18.  The  Department of Administrative and Financial Services will require a one-time General Fund appropriation of $22,000 in fiscal year 2017-18 for computer programming charges.