| 123rd MAINE LEGISLATURE | ||||||
| LD 2059 | LR 2914(02) | |||||
| An Act To Establish a Wellness Tax Credit | ||||||
| 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 | $374,616 | $1,894,745 | $1,947,515 | ||
| Appropriations/Allocations | ||||||
| General Fund | $0 | $22,000 | $0 | $0 | ||
| Revenue | ||||||
| General Fund | $0 | ($352,616) | ($1,894,745) | ($1,947,515) | ||
| Other Special Revenue Funds | $0 | ($18,950) | ($103,931) | ($106,826) | ||
| Fiscal Detail and Notes | ||||||
| Establishing an income tax credit for employers who provide a wellness program for their employees will reduce General Fund revenue by $352,616 in fiscal year 2008-09. This bill also includes a one-time General Fund appropriation of $22,000 in fiscal year 2008-09 for Maine Revenue Services to support the computer programming costs associated with this credit. | ||||||