128th MAINE LEGISLATURE
LD 1723 LR 2598(02)
An Act To Expand Job Opportunities for People Working in Maine
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Net Cost (Savings)
General Fund $0 $0 $95,000 $95,000
Revenue
General Fund $0 $0 ($95,000) ($95,000)
Other Special Revenue Funds $0 $0 ($5,000) ($5,000)
Fiscal Detail and Notes
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.
Any additional costs to the Department of Administrative and Financial Services associated with implementing this legislation can be absorbed within existing budgeted resources.