123rd MAINE LEGISLATURE
		LD 544		LR 1468(02)
	An Act To Provide Maine Land Conservation Tax Incentives
	Fiscal Note for Bill as Amended by Committee Amendment "     "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$0	$53,052	$465,010	$826,145
Appropriations/Allocations
	General Fund		$0	$0	$57,121	$52,715
Revenue
	General Fund		$0	($53,052)	($407,889)	($773,430)
	Other Special Revenue Funds		$0	($2,851)	($22,374)	($42,424)
Fiscal Detail and Notes
	Establishing a transferable income tax credit for certain conservation contributions will reduce General Fund revenue by an estimated $53,052 in fiscal year 2008-09.  Maine Revenue Services will also require a General Fund appropriation of $57,121 in fiscal year 2009-10 and $52,715 in fiscal year 2010-11 for the administrative costs associated with the new credit, including funds for one part-time Tax Analyst position.