| 123rd MAINE LEGISLATURE | ||||||
| LD 816 | LR 1087(01) | |||||
| An Act To Improve the Historic Preservation Tax Credit | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Sen. Marrache of Kennebec | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Potential current biennium revenue decrease - General Fund | ||||||
| Fiscal Detail and Notes | ||||||
| This bill may reduce General Fund revenue by a maximum of $1,422,000 per year ($1,500,000 - 5.2% revenue sharing) as a result of the refundable income tax credit. The exact amount can not be determined at this time. | ||||||