127th MAINE LEGISLATURE
		LD 498		LR 1429(02)
	An Act To Restore the Super Credit for Substantially Increased Research and Development
	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		$4,035,315	$2,814,660	$3,027,745	$3,130,250
Revenue
	General Fund		($4,035,315)	($2,814,660)	($3,027,745)	($3,130,250)
	Other Special Revenue Funds		($212,385)	($148,140)	($159,355)	($164,750)
Fiscal Detail and Notes
	PL 2013 c. 502 suspended the availability of the super credit for tax years after January 1, 2014.  This bill restores that availability retroactive to January 1, 2014 and changes the definition of the super credit base amount.  General Fund revenue would be reduced by $4,035,315 in fiscal year 2015-16 and $2,814,660 in fiscal year 2016-17 and Local Government Fund revenues would be reduced by $212,385 in fiscal year 2015-16 and $148,140 in fiscal year 2016-17.