132nd MAINE LEGISLATURE
		LD 125		LR 182(02)
	An Act to Increase the Total Amount of Credits Authorized Under the Maine Seed Capital Tax Credit Program
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund		$0	$0	$442,700	$907,250
Revenue
	General Fund		$0	$0	($442,700)	($907,250)
	Other Special Revenue Funds		$0	$0	($23,300)	($47,750)
Fiscal Detail and Notes
	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.