125th MAINE LEGISLATURE
		LD 1174		LR 1211(01)
	An Act To Help Maine's Employers To Recruit Skilled Workers by Expanding the Availability of the Educational Opportunity Tax Credit
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Knight of Livermore Falls
	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		$950,000	$950,000	$950,000	$950,000
Revenue
	General Fund		($950,000)	($950,000)	($950,000)	($950,000)
	Other Special Revenue Funds		($50,000)	($50,000)	($50,000)	($50,000)
Fiscal Detail and Notes
	Amending the Job Creation Through Educational Opportunity Program by providing a tax credit for student loans incurred by Maine residents who receive an associate or bachelor degree from an accredited institution located either inside or outside of Maine will reduce General Fund revenue and will reduce revenue sharing beginning in fiscal year 2011-12.