121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1664
		An Act To Provide an Income Tax Modification for the Empowerment Zone Employment Credit
		LR 2331(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Sherman of Hodgdon
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$0	$21,350	$54,172	$56,339
Revenue
	General Fund		$0	($21,350)	($54,172)	($56,339)
	Other Special Revenue Funds		$0	($1,147)	($2,971)	($3,090)
Fiscal Detail and Notes
	This bill is expected to reduce income tax collections by approximately $22,500 in fiscal year 2004-05, resulting in a decrease in General Fund revenue of $21,350 and a decrease in Other Special Revenue for state-municipal revenue sharing of $1,147.