127th MAINE LEGISLATURE
LD 1587 LR 2568(01)
An Act Regarding the Educational Opportunity Tax Credit
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Saviello of Franklin
Committee: Taxation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
General Fund $0 $101,136 $128,086 $155,036
Revenue
General Fund $0 ($101,136) ($128,086) ($155,036)
Other Special Revenue Funds $0 ($2,064) ($2,614) ($3,164)
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 $101,136 in fiscal year 2016-17 and a reduction in Local Government Fund revenue of $2,064 in fiscal year 2016-17.