125th MAINE LEGISLATURE
		LD 1086		LR 1538(02)
	An Act To Promote Plug-in Electric Vehicle Sales
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$55,100	$361,000	$551,000	$646,000
Revenue
	General Fund		($55,100)	($361,000)	($551,000)	($646,000)
	Other Special Revenue Funds		($2,900)	($19,000)	($29,000)	($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 will reduce General Fund revenue and reduce revenue sharing starting in fiscal year 2011-12.