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130th MAINE LEGISLATURE |
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LD 229 |
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LR 435(04) |
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An Act To Increase
Investment Caps in the Maine Seed Capital Tax Credit Program |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "A" |
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Sponsor: Sen. Breen of Cumberland |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
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General Fund |
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($360,937) |
($721,875) |
$0 |
$0 |
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| Revenue |
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General Fund |
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$360,937 |
$721,875 |
$0 |
$0 |
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Other Special Revenue Funds |
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$14,063 |
$28,125 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This amendment
changes the amount of aggregate investment eligible for the seed capital
investment tax credit in calendar years 2021 and 2022 from $15,000,000 to
$13,500,000. This change effectively eliminates the reduction in General Fund
revenue of $360,937 in fiscal year 2021-22 and $721,875 in fiscal year 2022-
23 resulting from the bill. |
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