| 122nd MAINE LEGISLATURE | |||||||||
| LD 1594 | LR 2231(01) | ||||||||
| An Act To Provide an Income Tax Exemption to Recent College Graduates Who Work in Maine To Help Them Pay College Loands | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Stedman of Hartland | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Current biennium revenue decrease - General Fund | |||||||||
| Current biennium cost increase - General Fund | |||||||||
| Fiscal Detail and Notes | |||||||||
| The General Fund revenue loss associated with the Graduate Retention Program is estimated to range between $6,000,000 and $27,000,000 per year. Maine Revenue Services will require additional General Fund appropriations and staff to administer the program. | |||||||||