131st MAINE LEGISLATURE
		LD 2106		LR 2772(04)
	An Act to Strengthen the Historic Property Rehabilitation Tax Credit
	Fiscal Note for Senate Amendment " " to Committee Amendment "A"
	Sponsor: Sen. Rotundo of Androscoggin
	Fiscal Note Required: Yes
Fiscal Note
			FY 2023-24	FY 2024-25	Projections  FY 2025-26	Projections  FY 2026-27
Net Cost (Savings)
	General Fund		$0	($95,000)	($769,500)	($2,208,750)
Revenue
	General Fund		$0	$95,000	$769,500	$2,208,750
	Other Special Revenue Funds		$0	$5,000	$40,500	$116,250
Fiscal Detail and Notes
	This amendment reduces the ongoing revenue loss in the bill by removing the provision that accelerated the timeline for claiming the historic property rehabilitation tax credit and by modifying the maximum tax credit allowed. The revenue loss is eliminated in fiscal year 2024-25 and is reduced substantially in subsequent fiscal years. In fiscal year 2024-25, the General Fund revenue loss is reduced by $95,000 to $0 and the Local Government Fund revenue loss is reduced by $5,000 to $0.