124th MAINE LEGISLATURE
		LD 1013		LR 1189(01)
	An Act To Protect the Environment through Promoting the Use of Clean Fuel Vehicles
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Courtney of York
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		($19,125)	($19,125)	($19,125)	($19,125)
Revenue
	General Fund		($355,875)	($355,875)	($355,875)	($355,875)
	Other Special Revenue Funds		($394,125)	($394,125)	($394,125)	($394,125)
Transfers
	General Fund		$375,000	$375,000	$375,000	$375,000
Fiscal Detail and Notes
	This bill creates an income tax credit up to a maximum of $2,000 for the purchase of a clean fuel vehicle.   Annual revenues will be reduced to the General Fund by $355,875 and to the Local Government Fund by $19,125.  As this bill is written, the full amount of the tax credits will be reimbursed to the General Fund from the Energy and Carbon Savings Trust Fund by June 15th of each year.  This will result in an excess reimbursement to the General Fund of $19,125 annually and a reduction of funding in the Local Government Fund of $19,125.  This fiscal note assumes income tax credits totaling $375,000 annually, but the amounts could range from $250,000 to $500,000 depending on technological changes and the price of gas and oil. Maine Revenue Services indicates that is does not possess the expertise to make the determination of clean fuels and suggests the Department of Environmental Protection (DEP) undertake  certification similar to DEP's existing certification process.