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132nd MAINE LEGISLATURE |
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LD 2116 |
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LR 2737(02) |
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An Act to Make
Permanent the Affordable Housing Income Tax Credit |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Future biennium revenue decrease - General Fund |
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| Fiscal Detail
and Notes |
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The bill extends
the current law sunset date for the affordable housing income tax credit from
December 31, 2028 to December 31, 2036. This will result in a decrease to
future year General Fund revenue of an estimated $10 million per year when
compared to that assumed under current law. |
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