124th MAINE LEGISLATURE
		LD 254		LR 731(03)
	An Act To Enact a 5-point Welfare Reform Program
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Health and Human Services
	Fiscal Note Required: Yes
Fiscal Note
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		$431,933	$1,101,430	$1,156,502	$1,214,327
Revenue
	General Fund		($431,933)	($1,101,430)	($1,156,502)	($1,214,327)
	Other Special Revenue Funds		($22,733)	($57,971)	($60,868)	($63,912)
Fiscal Detail and Notes
	This bill includes an individual or corporate new hire tax credit to an employer that hires a participant in the ASPIRE-TANF program beginning on or after January 1, 2010.  The tax credit will reduce revenue to the General Fund by $431,933 in FY 2009-10 and by $1,101,430 in FY 2010-11.  The tax credit will also reduce revenue to the Local Government Fund by $22,733 in FY 2009-10 and $57,971 in FY 2010-11.  The costs to Maine Revenue Services associated with implementation of this tax credit can be absorbed within existing budgeted resources.  Any direct impact to the Department of Health and Human Service's ASPIRE  and TANF program spending is assumed to be minor given federal maintenance of effort spending requirements.