125th MAINE LEGISLATURE
		LD 1086		LR 1538(01)
	An Act To Promote Plug-in Electric Vehicle Sales
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Goodall of Sagadahoc
	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		$57,000	$351,000	$589,000	$646,000
Revenue
	General Fund		($57,000)	($351,000)	($589,000)	($646,000)
	Other Special Revenue Funds		($3,000)	($18,500)	($31,000)	($34,000)
Fiscal Detail and Notes
	Providing an income tax credit for the purchase of qualified plug-in electric vehicles equal to the excise tax paid on such vehicles up to a maximum of $1,000 until January 1, 2015 will reduce General Fund revenue and reduce revenue sharing.