126th MAINE LEGISLATURE
		LD 743		LR 1377(04)
	An Act To Extend and Improve the Maine Seed Capital Tax Credit Program
	Fiscal Note for Senate Amendment " " to Committee Amendment "A"
	Sponsor: Sen. Hill of York
	Fiscal Note Required: Yes
Fiscal Note
			FY 2013-14	FY 2014-15	Projections  FY 2015-16	Projections  FY 2016-17
Net Cost (Savings)
	General Fund		($432,250)	($1,152,350)	($1,152,350)	($1,152,350)
Revenue
	General Fund		$432,250	$1,152,350	$1,152,350	$1,152,350
	Other Special Revenue Funds		$22,750	$60,650	$60,650	$60,650
Fiscal Detail and Notes
	This amendment reduces the net General Fund revenue loss from the changes to the Maine Seed Capital Tax Credit by $432,250 in fiscal year 2013-14 and $1,152,350 beginning in fiscal year 2014-15.
	As amended, the reductions to General Fund revenue are estimated to be $145,350 in fiscal year 2014-15, $1,010,800 in fiscal year 2015-16 and $1,876,250 in fiscal year 2016-17.  The related reductions to revenue accruing to the Local Government Fund for municipal revenue sharing from the income tax changes are estimated to be $7,650 n fiscal year 2014-15, $53,200 in fiscal year 2015-16 and $98,750 in fiscal year 2016-17.