123rd MAINE LEGISLATURE
		LD 131		LR 458(01)
	An Act To Provide Tax Relief to Working Families
	Fiscal Note for Original Bill
	Sponsor: Rep. Hayes of Buckfield
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$78,182,508	$141,313,959	$144,633,386	$148,018,999
Appropriations/Allocations
	General Fund		$0	$51,558	$67,284	$70,122
Revenue
	General Fund		($78,182,508)	($141,262,401)	($144,566,102)	($147,948,877)
	Other Special Revenue Funds		($4,288,492)	($7,748,571)	($7,929,786)	($8,115,339)
Fiscal Detail and Notes
	The General Fund revenue loss associated with the changes to the child care credit and personal exemption and the establishment of a child tax credit is estimated to be $78,182,508 in fiscal year 2007-08 and $141,262,401 in fiscal year 2008-09.  Maine Revenue Services will also require a General Fund appropriation of $51,558 in fiscal year 2008-09 for the administrative costs associated with these changes.