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128th MAINE LEGISLATURE |
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LD 1450 |
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LR 1111(02) |
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An Act To Promote
Workforce Development and Provide an Economic Stimulus for Maine-based
Filmmakers and Supporting Businesses |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
| Net Cost
(Savings) |
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General Fund |
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$350,000 |
$1,200,000 |
$1,450,000 |
$1,650,000 |
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| Revenue |
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General Fund |
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($350,000) |
($1,200,000) |
($1,450,000) |
($1,650,000) |
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| Fiscal Detail
and Notes |
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The bill results
in a reduction in General Fund revenue of $350,000 in fiscal year 2017-18 and
$1,200,000 in fiscal year 2018-19 for increased visual media production
expense reimbursement. |
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Additional costs
to the Department of Economic and Community Development to implement the
requirements of this legislation can be absorbed within existing budgeted
resources. |
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