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128th MAINE LEGISLATURE |
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LD 947 |
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LR 1958(02) |
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An Act To Support
Employees with Significant Commutes |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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Fiscal Note |
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FY 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
Net Cost
(Savings) |
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General Fund |
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$0 |
$34,354,493 |
$33,331,614 |
$33,336,584 |
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Appropriations/Allocations |
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General Fund |
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$0 |
$54,493 |
$81,614 |
$86,584 |
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Revenue |
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General Fund |
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$0 |
($34,300,000) |
($33,250,000) |
($33,250,000) |
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Other Special Revenue Funds |
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$0 |
($700,000) |
($1,750,000) |
($1,750,000) |
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Fiscal Detail
and Notes |
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This bill
provides an income tax credit for round-trip mileage between the primary
residence and primary place of employment.
It would result in a loss of General Fund revenue of $34,300,000 in
fiscal year 2018-19. The bill includes
a General Fund appropriation of $54,493 to the Department of Administrative
and Financial Services in fiscal year 2018-19 for one Tax Examiner position
and related costs to administer the new credit. |
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