126th MAINE LEGISLATURE
		LD 1664		LR 2617(02)
	An Act To Encourage Charitable Contributions to Nonprofit Organizations
	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	$1,343,300	$4,324,400	$8,222,250
Revenue
	General Fund		$0	($1,343,300)	($4,324,400)	($8,222,250)
	Other Special Revenue Funds		$0	($70,700)	($227,600)	($432,750)
Fiscal Detail and Notes
	This bill provides that charitable contributions included in federal itemized deductions that exceed the limitation on Maine itemized deductions may be claimed on a Maine return up to the cap specified in the bill.  This provision would reduce General Fund and Local Government Fund revenues by $1,343,300 and $70,700, respectively, in fiscal year 2014-15.