124th MAINE LEGISLATURE
		LD 1033		LR 1276(01)
	An Act To Provide a Tax Credit for the Purchase of Small Wind Power Generators
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Chase of Wells
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		$0	$0	$80,000	$100,000
Revenue
	General Fund		$0	$0	($80,000)	($100,000)
Fiscal Detail and Notes
	This bill will allow a one-time tax credit, not to exceed $1500, for the cost of purchasing and installing a small wind power generator.  The credit may not be taken until tax years beginning on or after January 1, 2011 and will reduce General Fund Revnue by $80,000 in FY 2011-12 and $100,000 in FY 2012-13. Costs to implement this credit by Maine Revenue Service can be absorbed within existing budget resources.