An Act to Create the
Maine Legislature, Session 132, LD 0195
Committee Amendment CA_A_S252 (Senate)

COMMITTEE AMENDMENT "/-is » to S.P. 95, L.D. 195, "An Act to Create the
Small Business Capital Savings Account Program"
Amend the bill in section 1 in § 13 100-A in subsection 2 in paragraph B in subparagraph
(4) in the first line (page IJine 19 in L.D.) by striking out the following; "99" and inserting
the following:'49'
Amend the bill in section 1 in § 13100-A in subsection 8 in the first and 2nd lines (page
2, lines 35 and 36 in L,D.) by striking out the following; "committee of the Legislature
having jurisdiction over taxation matters" and inserting the following; 'committees of tile
Leeislature having jurisdiction over taxation matters and over economic development
matters'
Amend the bill in section 1 in §13100-A in subsection 8 in the 10th line (page 3, line I
in L.D.) by striking out the following; "The" and inserting the following: 'Either'
Amend the bill by inserting after section 6 the following;
'See. 7. Appropriations and allocations. The following appropriations and
allocations are made,
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
Revenue Services, Bureau of 0002
Initiative: Provides one-time funding for computer programming costs,
GENERAL FUND 2025-26 2026-27
All Other $0 $12,844
GENERAL FUND TOTAL $0 $12,844
ADMINISTRATIVE AND FINANCIAL
SERVICES, DEPARTMENT OF
DEPARTMENT TOTALS 2025-26 2026-27
Page t - 132LR0720(02)
COMMITTEE AMENDMENT
"^ . ..^
<?°v 1
COMMITTEE AMENDMENT "A- " to S.P. 95, L.D. 195 ( ^';
GENERAL FUND $0 $12,844
DEPARTMENT TOTAL - ALL FUNDS $0 $12,844
ECONOMIC AND COMMUNITY DEVELOPMENT, DEPARTMENT OF
Small Business Capital Savings Account Program N509
Initiative: Provides annual funds from fiscal year 2026-27 through fiscal year 2029-30 for
contractual services to certiiy eligible withdrawals from the small business capital savings
account,
GENERAL FUND 2025-26 2026-27
AHOther $0 $15,000
GENERAL FUND TOTAL $0 $15,000
ECONOMIC AND COMMUNITY
DEVELOPMENT, DEPARTMENT OF
DEPARTMENT TOTALS
GENERAL FUND
DEPARTMENT TOTAL - ALL FUNDS
SECTION TOTALS
GENERAL FUND
SECTION TOTAL-ALL FUNDS $0 $27,844
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section
number to read consecutively.
SUMMARY
This amendment, which is one of 2 reports of the committee, changes the Small
Business Capital Savings Account Program eligibility requirements for a small business by
reducing the business size from no more than 99 full-time employees to no more than 49
full-time employees, The amendment also amends the reporting requirement of tlie
program to require submission of the report to the joint standing committee of the
Legislature having jurisdiction over economic development matters as well as the
committee having jurisdiction over taxation matters,
FISCAL NOTE REQUmED
(See attached)
Page2.132LR0720(02)
COMMITTEE AMENDMENT
2025-26
$0
$0
2025-26
$0
2026-27
$15,000
$15,000
2026-27
$27,844
I
Approved: 05/30/25 t-KI^
LD 195 LR 720(02)
An Act to Create the Small Business Capital Savings Account Program
~\
Fiscal Note for Bill as Amended by Committee Amendment "^' (^,
Committee: Housing and Economic Development -'
Fiscal Note Required: Yes
Fiscal Note
Projections Projections
FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29
Net Cost (Savings)
General Fund
Appropriations/AIIocations
General Fund
$0
$0
$165,594 $152,750
$27,844
$15,000
$152,750
$15,000
Revenue
General Fund
Other Special Revenue Funds
$0
$0
($137,750)
($7,250)
($137,750)
($7,250)
($137,750)
($7,250)
Fiscal Detail and Notes
This bill includes a revenue decrease to the General Fund of $137,750 in fiscal year 2026-27 by establishing the Small
Business Capital Savings Account Program in the Department of Economic and Community Development and creates
a tax deduction for approved funds withdrawn from the Small Business Capital Savings Account Program for capital
expenditures. The bill clarifies that withdrawals are taxable income if not used for capital expenditures, The bill also
includes a revenue decrease to the Local Government Fund of $7,250 in fiscal year 2026-27.
Additionally, the bill includes a one-time General Fund appropriation to the Bureau of Revenue Services within the
Department of Administrative and Financial Services of $12,844 in fiscal year 2026-27 to fund computer
programming costs associated with the provisions of this bill,
This bill also includes ongoing General Fund appropriations of $15,000 per year from fiscal year 2026-27 through
fiscal year 2029-30 to the Department of Economic and Community Development to contract for professional services
to certiiy eligible withdrawals from the newly established Small Business Capital Savings Account program.
LR0720(02) - Fiscal Note - Page 1 of 1