132nd MAINE LEGISLATURE
		LD 1755		LR 1875(03)
	An Act to Increase the Maine Historic Property Rehabilitation Tax Credit in Rural Areas
	Fiscal Note for Bill as Engrossed with: C "A" (H-712)
	Committee: Taxation
Fiscal Note
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund		$0	$179,550	$398,050	$938,600
Revenue
	General Fund		$0	($179,550)	($398,050)	($938,600)
	Other Special Revenue Funds		$0	($9,450)	($20,950)	($49,400)
Fiscal Detail and Notes
	This bill includes a revenue decrease to the General Fund of $368,125 in fiscal year 2026-27 by increasing the tax credit for rehabilitation of historic properties available to eligible projects that are located in rural areas in this State beginning on tax years on or after January 1, 2025. The bill also includes a revenue decrease to the Local Government Fund of $19,375 in fiscal year 2026-27.