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