126th MAINE LEGISLATURE
		LD 1421		LR 2004(02)
	An Act To Permit a Student Holding a Degree from a Non-Maine Institution To Participate in the Job Creation Through Educational Opportunity Program
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	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		$0	$0	$90,250	$137,750
Revenue
	General Fund		$0	$0	($90,250)	($137,750)
	Other Special Revenue Funds		$0	$0	($4,750)	($7,250)
Fiscal Detail and Notes
	This bill provides that students eligible for the expansion of the tax credit for educational opportunity are those that are pursuing or have pursued a course of study available only at a public institution outside the state as part of the New England regional student program offered by the New England Board of Higher Education.  This provision would result in a loss of General Fund revenue of $90,250 in fiscal year 2015-16 and $137,750 in fiscal year 2016-17 and a loss of municipal revenue sharing of $4,750 in fiscal year 2015-16 and $7,250 in fiscal year 2016-17.