| 125th MAINE LEGISLATURE | ||||||
| LD 1164 | LR 1774(02) | |||||
| An Act To Support Maine Farms and Alleviate Hunger | ||||||
| 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 | $0 | $817,000 | $2,726,500 | $2,726,500 | ||
| Revenue | ||||||
| General Fund | $0 | ($817,000) | ($2,726,500) | ($2,726,500) | ||
| Other Special Revenue Funds | $0 | ($43,000) | ($143,500) | ($143,500) | ||
| Fiscal Detail and Notes | ||||||
| Providing a non-refundable income tax credit of up to $2,500 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. | ||||||