129th MAINE LEGISLATURE
		LD 268		LR 68(02)
	An Act To Create a Credit under the Commercial Forestry Excise Tax for Landowners Using Businesses Based in the United States
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2019-20	FY 2020-21	Projections  FY 2021-22	Projections  FY 2022-23
Net Cost (Savings)
	General Fund		$2,000,000	$2,000,000	$2,000,000	$2,000,000
Revenue
	General Fund		($2,000,000)	($2,000,000)	($2,000,000)	($2,000,000)
Fiscal Detail and Notes
	The bill provides a credit against the commercial forestry excise tax and would result in an annual reduction in General Fund revenue of $2,000,000 beginning in fiscal year 2019-20.