127th MAINE LEGISLATURE
LD 1374 LR 1965(02)
An Act To Expand the Educational Opportunity Tax Credit
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 $65,360 $98,040 $124,165 $150,290
Revenue
General Fund ($65,360) ($98,040) ($124,165) ($150,290)
Other Special Revenue Funds ($3,440) ($5,160) ($6,535) ($7,910)
Fiscal Detail and Notes
This bill expands the educational opportunity tax credit to Maine residents working on a vessel at sea and would result in a reduction in General Fund revenue of $65,360 in fiscal year 2015-16 and $98,040 in fiscal year 2016-17 and a reduction in Local Government Fund revenue of $3,440 in fiscal year 2015-16 and $5,160 in fiscal year 2016-17.