125th MAINE LEGISLATURE
		LD 1174		LR 1211(02)
	An Act To Help Maine's Employers To Recruit Skilled Workers by Expanding the Availability of the Educational Opportunity Tax Credit
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$0	$40,793	$145,784	$257,252
Revenue
	General Fund		$0	($40,793)	($145,784)	($257,252)
	Other Special Revenue Funds		$0	($2,147)	($7,673)	($13,540)
Fiscal Detail and Notes
	Amending the Job Creation Through Educational Opportunity Program by providing a tax credit for student loans incurred by Maine residents who receive an associate or bachelor degree from an accredited institution located outside of Maine after December 31, 2011 will reduce General Fund revenue and will reduce revenue sharing beginning in fiscal year 2012-13.