123rd MAINE LEGISLATURE
		LD 260		LR 440(01)
	An Act To Provide an Income Tax Deduction for Teachers To Account for the Purchase of Supplies
	Fiscal Note for Original Bill
	Sponsor: Rep. Harlow of Portland
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$1,708,384	$1,357,609	$1,392,075	$1,427,437
Appropriations/Allocations
	General Fund		$35,046	$35,976	$37,401	$38,896
Revenue
	General Fund		($1,673,338)	($1,321,633)	($1,354,674)	($1,388,541)
	Other Special Revenue Funds		($91,787)	($72,495)	($74,307)	($76,165)
Fiscal Detail and Notes
	The General Fund revenue loss associated with the income tax deduction for teachers is estimated to be $1,673,338 in fiscal year 2007-08 and $1,321,633 in fiscal year 2008-09.  Maine Revenue Services will also require General Fund appropriations of $35,046 in fiscal year 2007-08 and $35,976 in fiscal year 2008-09 for the related administrative costs, including funds for one part-timeTax Examiner position.