132nd MAINE LEGISLATURE
		LD 1223		LR 1905(02)
	An Act to Lower Electric Rates for Maine Ratepayers by Requiring the Payment of Certain Costs from the General Fund
	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	$78,135,090	$81,937,500
Appropriations/Allocations
	General Fund		$0	$0	$102,090	$0
Revenue
	General Fund		$0	$0	($78,033,000)	($81,937,500)
	Other Special Revenue Funds		$0	$0	($4,107,000)	($4,312,500)
Fiscal Detail and Notes
	This bill would result in a revenue decrease to the General Fund of $78,033,000 in fiscal year 2027-28 and $81,937,500 in fiscal year 2028-29 from a new refundable net energy billing customer costs tax credit for tax years beginning on or after January 1, 2027. The bill would also result in a revenue decrease to the Local Government Fund of $4,107,000 in fiscal year 2027-28 and $4,312,500 in fiscal year 2028-29. The Department of Administrative and Financial Services, Bureau of Revenue Services would require a one-time General Fund appropriation of $102,090 in fiscal year 2027-28 for  computer programming and related systems testing costs.