126th MAINE LEGISLATURE
		LD 1099		LR 1629(02)
	An Act To Provide an Internship Employment Tax Credit
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2013-14	FY 2014-15	Projections  FY 2015-16	Projections  FY 2016-17
Net Cost (Savings)
	General Fund		$49,150	$16,150	$16,150	$16,150
Appropriations/Allocations
	General Fund		$33,000	$0	$0	$0
Revenue
	General Fund		($16,150)	($16,150)	($16,150)	($16,150)
	Other Special Revenue Funds		($850)	($850)	($850)	($850)
Fiscal Detail and Notes
	Creating a nonrefundable tax credit equal to 10% of the wages, stipend or salary paid to a qualified intern for employers of the intern will reduce General Fund revenue and Municipal Revenue Sharing beginning in FY 2013-14.  This bill includes a one-time General Fund appropriation of $33,000 to Maine Revenue Services in FY 2013-14 for programming costs to add a credit line to the individual, fiduciary and corporate income tax returns.