129th MAINE LEGISLATURE
		LD 104		LR 163(02)
	An Act To Expand the Earned Income Tax Credit in Maine
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2019-20	FY 2020-21	Projections  FY 2021-22	Projections  FY 2022-23
Net Cost (Savings)
	General Fund		$0	$67,318,615	$64,552,089	$64,533,822
Appropriations/Allocations
	General Fund		$0	$581,115	$370,089	$380,322
Revenue
	General Fund		$0	($66,737,500)	($64,182,000)	($64,153,500)
	Other Special Revenue Funds		$0	($3,512,500)	($3,378,000)	($3,376,500)
Fiscal Detail and Notes
	The bill creates the Maine work credit and would result in a reduction in General Fund revenue of $66,737,500 in fiscal year 2020-21 and a reduction in Local Government Fund revenue of $3,512,500 in fiscal year 2020-21.  The bill includes a General Fund appropriation of $581,120 in fiscal year 2020-21 for one Senior Tax Examiner position, 2 Tax Examiner II positions, 2 Tax Examiner positions and related computer programming and All Other to review and process filings related to the new credit.
	Additional costs to the Department of Labor to produce and furnish the required poster or notice can be absorbed within existing budgeted resources.