130th MAINE LEGISLATURE
LD 978 LR 649(01)
An Act To Create an Access to Justice Income Tax Credit
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Hepler of Woolwich
Committee: Taxation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $0 $24,062 $47,500 $66,500
Revenue
General Fund $0 ($24,062) ($47,500) ($66,500)
Other Special Revenue Funds $0 ($938) ($2,500) ($3,500)
Fiscal Detail and Notes
The bill provides an income tax credit for certain attorneys practicing in the State and will reduce General Fund revenue by $24,062 in fiscal year 2022-23 and reduce Local Government Fund revenue by $938 in fiscal year 2022-23.