127th MAINE LEGISLATURE
		LD 1657		LR 2724(01)
	An Act To Simplify and Expand the Educational Opportunity Tax Credit
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Alfond of Cumberland
	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	$395,200	$1,009,700	$1,723,200
Revenue
	General Fund		$0	($395,200)	($1,009,700)	($1,723,200)
	Other Special Revenue Funds		$0	($8,000)	($21,000)	($35,000)
Fiscal Detail and Notes
	Expanding the educational opportunity tax credit would reduce General Fund and Local Government Fund revenue by $395,200 and 8,000, respectively, in fiscal year 2016-17.