| 125th MAINE LEGISLATURE | ||||||
| LD 1164 | LR 1774(01) | |||||
| An Act To Support Maine Farms and Alleviate Hunger | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Rep. Dion of Portland | ||||||
| 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 | $7,125,000 | $7,125,000 | $7,125,000 | $7,125,000 | ||
| Revenue | ||||||
| General Fund | ($7,125,000) | ($7,125,000) | ($7,125,000) | ($7,125,000) | ||
| Other Special Revenue Funds | ($375,000) | ($375,000) | ($375,000) | ($375,000) | ||
| Fiscal Detail and Notes | ||||||
| Providing an income tax credit of up to $5,000 to persons engaged in commercial agricultural production for donations of food to incorporated nonprofit organizations that provide free food to low-income persons to alleviate hunger will reduce revenues to the General Fund and reduce revenue sharing. | ||||||