| 122nd MAINE LEGISLATURE | |||||||||
| LD 2079 | LR 3191(01) | ||||||||
| An Act to Encourage the Preservation of Historic Structures | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Gagnon of Kennebec | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $94,900 | $94,800 | $94,800 | |||||
| Revenue | |||||||||
| General Fund | $0 | ($94,900) | ($94,800) | ($94,800) | |||||
| Other Special Revenue Funds | $0 | ($5,100) | ($5,200) | ($5,200) | |||||
| Fiscal Detail and Notes | |||||||||
| The additional tax credit for the rehabiliation of historic properties will reduce General Fund revenue by $94,900 in fiscal year 2006-07. Part H of the 2006-2007 Supplemental Budget, Committee "A" to LD 1968, includes a $500,000 refundable tax credit for structures located in the Kennebec Arsenal District National Historic Landmark. | |||||||||