125th MAINE LEGISLATURE
		LD 1044		LR 832(01)
	An Act To Allow a Tax Credit for Tuition Paid to Private Schools
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Fitzpatrick of Houlton
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$10,212,500	$10,212,500	$10,212,500	$10,212,500
Revenue
	General Fund		($10,212,500)	($10,212,500)	($10,212,500)	($10,212,500)
	Other Special Revenue Funds		($537,500)	($537,500)	($537,500)	($537,500)
Fiscal Detail and Notes
	Providing an income tax credit of up to $2,000 per taxpayer for tuition paid to a private school for the taxpayer or a dependent of the taxpayer will reduce General Fund revenues and reduce revenue sharing.