129th MAINE LEGISLATURE
LD 1424 LR 1684(02)
An Act To Create an Access to Justice Income 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 $0 $23,750 $47,500 $66,500
Revenue
General Fund $0 ($23,750) ($47,500) ($66,500)
Other Special Revenue Funds $0 ($1,250) ($2,500) ($3,500)
Fiscal Detail and Notes
The bill provides an income tax credit to eligible attorneys and would result in a reduction in General Fund revenue of $23,750 and a reduction in Local Government Fund revenue of $1,250 in fiscal year 2020-21.
Any additional costs to the Supreme Judicial Court, within the Judicial Department, to report to the Legislature can be absorbed within existing budgeted resources.