LD 787 LR 1317(08)
An Act To Provide Tax Credits for Adult Day Care and Respite and Hospice Care
Fiscal Note for Bill as Engrossed with:
C "A" (H-95)
S "A" (S-72)
S "A" (S-328) to S "A" (S-72)
Committee: Taxation
Fiscal Note
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
General Fund $0 $142,500 $142,500 $142,500
General Fund $0 ($142,500) ($142,500) ($142,500)
Other Special Revenue Funds $0 ($7,500) ($7,500) ($7,500)
Fiscal Detail and Notes
The bill expands eligibility for the income tax credit for child and dependent care expenses to include expenses paid for adult day care, respite care and hospice care and would result in a reduction in General Fund revenue of $142,500 beginning in fiscal year 2016-17 and a reduction in Local Government Fund revenue of $7,500 beginning in fiscal year 2016-17.