121st Maine Legislature
		Office of Fiscal and Program Review
		LD 721
		An Act to Encourage More Dentists to Practice in the State
		LR 0201(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Dudley
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
	Minor cost increase - Fund for a Healthy Maine
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$5,972	$13,571	$14,249	$14,962
Revenue
	General Fund		($5,972)	($13,571)	($14,249)	($14,962)
	Other Special Revenue Funds		($328)	($744)	($782)	($821)
Fiscal Detail and Notes
	This bill provides an income tax credit to individuals participating in the Maine Dental Education Loan Program.  This change will reduce income tax collections by an estimated $6,300 in fiscal year 2003-04 and $14,315 in fiscal year 2004-05.  The reduction of these tax collections will decrease the amounts transferred to the Local Government Fund for state-municipal revenue sharing in those years by $328 and $744.  The resulting net reduction of General Fund revenue is estimated to be $5,972 in fiscal year 2003-04 and $13,571 in fiscal year 2004-05, based on tax years beginning on or after January 1, 2004.