132nd MAINE LEGISLATURE
		LD 146		LR 525(02)
	An Act to Increase the Maximum Amount of the Historic Property Rehabilitation Tax Credit That May be Taken in a Year
	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	$142,500	$142,500	$1,187,500
Revenue
	General Fund		$0	($142,500)	($142,500)	($1,187,500)
	Other Special Revenue Funds		$0	($7,500)	($7,500)	($62,500)
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 $142,500 in fiscal year 2026-27 by changing the maximum tax credit allowed for certified historic structure rehabilitation projects for the first 2 years in which a credit may be claimed. It changes the maximum from $5,000,000 in each of the first 2 years to $10,000,000 total across the first 2 years combined beginning on or after January 1, 2025.