|
|
|
|
|
|
|
|
130th MAINE LEGISLATURE |
|
|
LD 1251 |
|
LR 1373(02) |
|
|
|
An Act To
Encourage Charitable Giving |
|
Fiscal Note for
Bill as Amended by Committee Amendment " " |
|
Committee: Taxation |
|
Fiscal Note Required: Yes |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fiscal Note |
|
|
|
|
|
|
|
|
|
|
FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
|
|
|
|
|
|
General Fund |
|
$1,656,875 |
$1,674,750 |
$1,738,500 |
$1,814,500 |
|
|
|
|
|
|
|
| Appropriations/Allocations |
|
|
|
|
|
|
General Fund |
|
$11,000 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
|
| Revenue |
|
|
|
|
|
|
General Fund |
|
($1,645,875) |
($1,674,750) |
($1,738,500) |
($1,814,500) |
|
Other Special Revenue Funds |
|
($64,125) |
($65,250) |
($91,500) |
($95,500) |
|
|
|
|
|
|
|
| Fiscal Detail
and Notes |
|
|
|
|
|
|
The bill provides
an itemized deduction for charitable contributions that exceeds the State's
limit on itemized deductions and would result in a reduction in General Fund
revenue of $1,645,875 in fiscal year 2021-22 and $1,674,750 in fiscal year
2022-23. The bill includes a one-time
General Fund appropriation of $11,000 in fiscal year 2021-22 to the
Department of Administrative and Financial Services for computer programming
costs. |
|
|
|
|
|
|
|