125th MAINE LEGISLATURE
		LD 742		LR 1010(01)
	An Act To Eliminate the Sunset Date of the Maine Historic Preservation Tax Credit
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Rector of Knox
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$0	$0	$332,500	$1,045,000
Revenue
	General Fund		$0	$0	($332,500)	($1,045,000)
	Other Special Revenue Funds		$0	$0	($17,500)	($55,000)
Fiscal Detail and Notes
	Eliminating the December 31, 2013 sunset date for the Maine historic preservation tax credit will reduce income tax revenue by $350,000 in fiscal year 2013-14 and by $1,100,000 in fiscal year 2014-15.
	Additional costs to the Maine Historic Preservation Commission and the Maine State Housing Authority associated with eliminating the sunset provision can be absorbed within existing budgeted resources.