126th MAINE LEGISLATURE
		LD 1762		LR 2721(02)
	An Act Related to the Report of the Tax Expenditure Review Task Force
	Fiscal Note for House Amendment " " to Original Bill
	Sponsor: Rep. Stuckey of Portland
	Fiscal Note Required: Yes
Fiscal Note
			FY 2013-14	FY 2014-15	Projections  FY 2015-16	Projections  FY 2016-17
Net Cost (Savings)
	General Fund		$0	($14,199,978)	($29,909,182)	($30,403,371)
Revenue
	General Fund		$0	$35,151,132	$29,909,182	$30,403,371
	Other Special Revenue Funds		$0	$1,620,300	$1,295,584	$1,329,952
Transfers
	General Fund		$0	($20,951,154)	$0	$0
Fiscal Detail and Notes
	This amendment decreases the General Fund costs of the bill by $14,199,978 in fiscal year 2014-15, $29,909,182 in fiscal year 2015-16 and $30,403,371 in fiscal year 2016-17.   It eliminates the transfer from the Maine Budget Stabilization Fund to the General Fund unappropriated surplus contained in the bill and repeals the Tax Relief Fund and transfers the balance of this fund to the unappropriated surplus of the General Fund.  It also makes the following changes increasing General Fund revenue and transfers for Municipal Revenue Sharing.
			FY 2013-14	FY 2014-15	FY 2015-16	FY 2016-17
	New income tax bracket with a rate of 8.67% for taxable income of $289,000 beginning in 2014 tax year
	- General Fund		$0	$27,935,700	$21,766,096	$22,419,078
	- Municipal Revenue Sharing		$0	$1,470,300	$1,145,584	$1,179,952
	Repeal the Shipbuilding Facility Credit
	- General Fund		$0	$2,850,000	$2,850,000	$2,850,000
	- Municipal Revenue Sharing		$0	$150,000	$150,000	$150,000
	Exclude Retail Facilities from BETR and BETE Programs
	- General Fund		$0	$4,365,432	$5,293,086	$5,134,293