129th MAINE LEGISLATURE
		LD 1164		LR 242(02)
	An Act To Improve the Educational Opportunity Tax Credit
	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		$75,000	$48,952,500	$45,390,000	$30,712,500
Appropriations/Allocations
	General Fund		$75,000	$75,000	$75,000	$75,000
Revenue
	General Fund		$0	($48,877,500)	($45,315,000)	($30,637,500)
	Other Special Revenue Funds		$0	($2,572,500)	($2,385,000)	($1,612,500)
Fiscal Detail and Notes
	The bill makes several changes to the Educational Opportunity Tax Credit and would result in a reduction in General Fund revenue of $48,877,500 in fiscal year 2020-21 and a reduction in Local Government Fund revenue of $2,572,500 in fiscal year 2020-21.
	This bill includes ongoing General Fund appropriations of $75,000 per year beginning in fiscal year 2019-20 to the Educational Opportunity Tax Credit Marketing Fund within the Finance Authority of Maine to market the Job Creation Through Educational Opportunity Program throughout the State.