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128th MAINE LEGISLATURE |
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LD 1723 |
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LR 2598(02) |
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An Act To Expand
Job Opportunities for People Working in Maine |
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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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$0 |
$0 |
$95,000 |
$95,000 |
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Revenue |
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General Fund |
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$0 |
$0 |
($95,000) |
($95,000) |
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Other Special Revenue Funds |
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$0 |
$0 |
($5,000) |
($5,000) |
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Fiscal Detail
and Notes |
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This bill
provides an income tax deduction for employers that pay for housing costs for
employees. It would result in a loss
of General Fund revenue of $95,000 and a loss of Local Government Fund
revenue of $5,000 beginning in fiscal year 2019-20. |
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Any additional
costs to the Department of Administrative and Financial Services associated
with implementing this legislation can be absorbed within existing budgeted
resources. |
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