| 122nd MAINE LEGISLATURE | |||||||||
| LD 613 | LR 0524(01) | ||||||||
| An Act To Provide Tax Incentives to Small Businesses That Employ At Least One Person | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Hanley of Gardiner | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $15,168 | $23,776 | $33,128 | |||||
| Revenue | |||||||||
| General Fund | $0 | ($15,168) | ($23,776) | ($33,128) | |||||
| Other Special Revenue Funds | $0 | ($832) | ($1,304) | ($1,817) | |||||
| Fiscal Detail and Notes | |||||||||
| This bill is expected to reduce General Fund revenue by $15,168 in fiscal year 2006-07 as a result of the changes to the Maine Employment Tax Increment Financing Act. | |||||||||