126th MAINE LEGISLATURE
		LD 743		LR 1377(05)
	An Act To Extend and Improve the Maine Seed Capital Tax Credit Program
	Fiscal Note for Bill as Engrossed with: C "A" (S-213) S "A" (S-341) to C "A" (S-213)
	Committee: Taxation
Fiscal Note
			FY 2013-14	FY 2014-15	Projections  FY 2015-16	Projections  FY 2016-17
Net Cost (Savings)
	General Fund		$0	$145,350	$1,010,800	$1,876,250
Revenue
	General Fund		$0	($145,350)	($1,010,800)	($1,876,250)
	Other Special Revenue Funds		$0	($7,650)	($53,200)	($98,750)
Fiscal Detail and Notes
	Amending the Maine Seed Capital Tax Credit Program as proposed in this bill reduces General Fund revenue by $145,350 in FY 2014-15, $1,010,800 in FY 2015-16 and $1,876,250 in fiscal year 2016-17.  Municipal Revenue Sharing revenue is reduced by $7,650 in FY 2014-15, $53,200 in FY 2015-16 and $98,750 in FY 2016-17.
	Given the current provisions under the Maine Seed Capital Tax Credit Program in both statute and rule that allow the Authority to charge certain fees, additional General Fund appropriations to the Finance Authority of Maine to implement the requirements of this legislation will not be required.