132nd MAINE LEGISLATURE
		LD 713		LR 1238(02)
	An Act Regarding Taxation
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
Potential current biennium revenue increase - General Fund Minor cost increase - General Fund
Fiscal Detail and Notes
	The bill defines and excludes data centers that begin operation on or after August 1, 2026 from the Business Equipment Tax Exemption (BETE) and the Dirigo Business Incentives Program. This exclusion could result in an increase in General Fund revenue compared to current law revenue assumptions.  The timing and amount of the revenue increase cannot be determined at this time. Any additional costs to the Department of Administration and Financial Services and the Department of Economic and Community Development to implement the provisions of this bill are expected to be minor and can be absorbed within existing budgeted resources.