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.