125th MAINE LEGISLATURE
LD 1118 LR 1847(02)
An Act To Provide a Tax Credit for High-quality Child Care Sites
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 $10,000 $0 $0 $0
Appropriations/Allocations
General Fund $10,000 $0 $0 $0
Fiscal Detail and Notes
This bill includes a one-time $10,000 appropriation in fiscal year 2011-12 for Maine Revenue Services to update the existing child care credit calculation used by internet filing and electronic filing programs to administer the income tax credit for high-quality child care.  Any additional costs to the Department of Heath and Human Services can be absorbed within existing budgeted resources.