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132nd MAINE LEGISLATURE |
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LD 125 |
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LR 182(01) |
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An Act to
Increase the Total Amount of Credits Authorized Under the Maine Seed Capital
Tax Credit Program |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Pierce of Cumberland |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$0 |
$442,700 |
$907,250 |
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| Revenue |
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General Fund |
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$0 |
$0 |
($442,700) |
($907,250) |
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Other Special Revenue Funds |
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$0 |
$0 |
($23,300) |
($47,750) |
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| Fiscal Detail
and Notes |
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This bill
includes a revenue decrease to the Bureau of Revenue Services within the
Department of Administrative and Financial Services of $442,700 in fiscal
year 2027-28 and $907,250 in fiscal year 2028-29 by increasing the maximum
annual amount of tax credit certificates, from $5,000,000 to $10,000,000,
issued by the Finance Authority of Maine to investors under the Maine Seed
Capital Tax Credit Program for investments made in calendar years beginning
with 2027. |
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