127th MAINE LEGISLATURE
LD 1564 LR 2444(06)
An Act To Update References to the United States Internal Revenue Code of 1986 Contained in the Maine Revised Statutes
Fiscal Note for House Amendment " " to Committee Amendment "B"
Sponsor: Rep. Melaragno of Auburn
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 ($9,456,160) ($782,640) $953,580 $664,620
Revenue
General Fund $9,456,160 $782,640 ($953,580) ($664,620)
Other Special Revenue Funds $192,840 $15,960 ($19,420) ($13,540)
Fiscal Detail and Notes
This amendment removes from the committee amendment provisions enacting the Maine capital investment credit. This will increase General Fund revenue by $9,456,160 in fiscal year 2015-16 and $782,640 in fiscal year 2016-17 and increase Local Government Fund revenue by $192,840 in fiscal year 2015-16 and $15,960 in fiscal year 2016-17.