128th MAINE LEGISLATURE
LD 947 LR 1958(02)
An Act To Support Employees with Significant Commutes
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Net Cost (Savings)
General Fund $0 $34,354,493 $33,331,614 $33,336,584
Appropriations/Allocations
General Fund $0 $54,493 $81,614 $86,584
Revenue
General Fund $0 ($34,300,000) ($33,250,000) ($33,250,000)
Other Special Revenue Funds $0 ($700,000) ($1,750,000) ($1,750,000)
Fiscal Detail and Notes
This bill provides an income tax credit for round-trip mileage between the primary residence and primary place of employment.  It would result in a loss of General Fund revenue of $34,300,000 in fiscal year 2018-19.  The bill includes a General Fund appropriation of $54,493 to the Department of Administrative and Financial Services in fiscal year 2018-19 for one Tax Examiner position and related costs to administer the new credit.