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131st MAINE LEGISLATURE |
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LD 1802 |
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LR 1047(04) |
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An Act to Include
Certain Volunteer Firefighters in the Tax Credit for Employers of Individuals
Who Are Volunteer Firefighters or Volunteer Municipal Emergency Medical
Services Persons |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "A" |
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Sponsor: Sen. Rotundo of Androscoggin |
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Fiscal Note Required: Yes |
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Fiscal Note |
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FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
Net Cost
(Savings) |
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General Fund |
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($9,500) |
($28,500) |
$0 |
$0 |
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Revenue |
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General Fund |
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$9,500 |
$28,500 |
$0 |
$0 |
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Other Special Revenue Funds |
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$500 |
$1,500 |
$0 |
$0 |
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Fiscal Detail
and Notes |
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This amendment
delays the effective date of the tax credit in the bill to tax years on or
after January 1, 2025. The revenue loss is eliminated in fiscal year 2023-24
and reduced to $9,500 in General Fund revenue and $500 in Local Government
Fund revenue in fiscal year 2024-25. |
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