130th MAINE LEGISLATURE
		LD 241		LR 1198(02)
	An Act To Support the Trades through a Tax Credit for Apprenticeship Programs
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2021-22	FY 2022-23	Projections  FY 2023-24	Projections  FY 2024-25
Net Cost (Savings)
	General Fund		$0	$2,439,250	$2,375,000	$2,375,000
Appropriations/Allocations
	General Fund		$0	$33,000	$0	$0
Revenue
	General Fund		$0	($2,406,250)	($2,375,000)	($2,375,000)
	Other Special Revenue Funds		$0	($93,750)	($125,000)	($125,000)
Fiscal Detail and Notes
	This bill provides an income tax credit to employers who employ certain apprentices and will result in a reduction in General Fund revenue of $2,406,250 in fiscal year 2022-23 and a reduction in Local Government Fund revenue of $93,750 in fiscal year 2022-23.  The bill includes a one-time General Fund appropriation of $33,000 in fiscal year 2022-23 to the Department of Administrative and Financial Services for computer programming to add lines to the individual, fiduciary and corporate income tax returns.