124th MAINE LEGISLATURE
		LD 1679		LR 2277(02)
	An Act To Create Jobs and Stimulate Economic Development by Making Captive Insurers Eligible for Pine Tree Development Zone Benefits for 10 Years
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Business, Research and Economic Development
	Fiscal Note Required: Yes
Fiscal Note
Potential future biennium revenue decrease - General Fund
Fiscal Detail and Notes
	Expansion of Pine Tree Zone credit eligibility to captive insurance companies may result in future reductions to General Fund revenues.  Neither the amounts nor the timing of the revenue reductions are determinable at this time.  Any additional costs to the Department of Economic and Community Development associated with determining and certifying eligibility, to Maine Revenue Services for extended processing of the state income tax credit, as well as to the Public Utilities Commission for processing rate applications and adjustments can be absorbed within existing budgeted resources.