129th MAINE LEGISLATURE
		LD 1645		LR 1760(06)
	An Act To Create Affordable Workforce and Senior Housing and Preserve Affordable Rural Housing
	Fiscal Note for Senate Amendment " " to Original Bill
	Sponsor: Sen. Breen of Cumberland
	Fiscal Note Required: Yes
Fiscal Note
			FY 2019-20	FY 2020-21	Projections  FY 2021-22	Projections  FY 2022-23
Net Cost (Savings)
	General Fund		$0	$0	$8,705,638	$9,500,000
Appropriations/Allocations
	General Fund		$0	$0	$60,638	$0
Revenue
	General Fund		$0	$0	($8,645,000)	($9,500,000)
	Other Special Revenue Funds		$0	$0	($455,000)	($500,000)
Fiscal Detail and Notes
	This amendment extends the end date of certain tax credits and changes the allocation of those credits. As amended, the bill still creates a state affordable housing tax credit. The estimated reduction in General Fund revenue from the amended bill is $8,645,000 in fiscal year 2021-22 and $9,500,000 in fiscal year 2022-23. The estimated reduction in revenue to the Local Government Fund is $455,000 in fiscal year 2021-22 and $500,000 in fiscal year 2022-23. The Department of Administrative and Financial Services will require a General Fund appropriation of $60,638 in fiscal year 2021-22 for programming costs.