126th MAINE LEGISLATURE
		LD 234		LR 138(02)
	An Act To Provide Tax Treatment Consistency for Limited Liability Companies and S Corporations
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2013-14	FY 2014-15	Projections  FY 2015-16	Projections  FY 2016-17
Net Cost (Savings)
	General Fund		$494,950	$2,002,200	$2,051,050	$2,112,800
Appropriations/Allocations
	General Fund		$0	$11,000	$0	$0
Revenue
	General Fund		($494,950)	($1,991,200)	($2,051,050)	($2,112,800)
	Other Special Revenue Funds		($26,050)	($104,800)	($107,950)	($111,200)
Fiscal Detail and Notes
	General Fund revenue and Municipal Revenue Sharing are reduced by an income tax credit provided to members of certain pass-through entities on taxes imposed on the members' shares of the pass-through entities' income for tax years beginning on or after January 1, 2014.  This bill includes a one-time General Fund appropriation to the Bureau of Revenue Services to pay for computer programming costs associated with the income modification.