Approved: 03/25/25
LD 125 LR 182(01)
FY 2025-26 FY 2026-27
Projections
FY 2027-28
Projections
FY 2028-29
Net Cost (Savings)
General Fund $0 $0 $442,700 $907,250
Revenue
General Fund $0 $0 ($442,700) ($907,250)
Other Special Revenue Funds $0 $0 ($23,300) ($47,750)
Fiscal Detail and Notes
Preliminary Fiscal Impact Statement
This bill includes a revenue decrease to the Bureau of Revenue Services within the Department of Administrative and
Financial Services of $442,700 in fiscal year 2027-28 and $907,250 in fiscal year 2028-29 by increasing the maximum
annual amount of tax credit certificates, from $5,000,000 to $10,000,000, issued by the Finance Authority of Maine to
investors under the Maine Seed Capital Tax Credit Program for investments made in calendar years beginning with
2027.
132nd MAINE LEGISLATURE
An Act to Increase the Total Amount of Credits Authorized Under the Maine Seed Capital Tax Credit
Program
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Pierce of Cumberland
Committee: Taxation
Fiscal Note Required: Yes
LR0182(01) - Fiscal Note - Page 1 of 1