LD 787 LR 1317(03)
An Act To Provide Tax Credits for Adult Day Care and Respite and Hospice Care
Fiscal Note for Senate Amendment " " to Original Bill
Sponsor: Sen. Saviello of Franklin
Fiscal Note Required: Yes
Fiscal Note
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
General Fund $47,500 $47,500 $47,500 $47,500
General Fund ($47,500) ($47,500) ($47,500) ($47,500)
Other Special Revenue Funds ($2,500) ($2,500) ($2,500) ($2,500)
Fiscal Detail and Notes
This amendment specifies that the credit is for expenses paid for a dependent for adult day care, hospice services and respite care.  The incremental effect over the committee amendment is an additional annual reduction in General Fund revenues of $47,500 and a reduction in Local Government Fund revenues of $2,500 beginning in fiscal year 2015-16.