132nd MAINE LEGISLATURE
LD 2116 LR 2737(02)
An Act to Make Permanent the Affordable Housing Income Tax Credit
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
Future biennium revenue decrease - General Fund
Fiscal Detail and Notes
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.