| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 30-A MRSA §5681, sub-§5, ¶¶A and B, as amended by PL 2001, c. | | 714, Pt. Y, §1, are further amended to read: |
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| | A. For months beginning before July 1, 2003, 5.1%; and |
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| | | B. For months beginning on or after July 1, 2003, but | before January 1, 2004, 5.2%. |
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| | | Sec. 2. 30-A MRSA §5681, sub-§5, ¶C is enacted to read: |
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| | | C.__For months beginning on or after January 1, 2004, 6%. |
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| | | Current law requires a percentage of revenue raised by the | | State through the imposition of sales and income taxes to be | | distributed to each municipality in proportion to the product | | of the population of the municipality multiplied by the | | property tax burden of the municipality. |
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| | | This bill increases the percentage, currently scheduled to | | increase from 5.1% to 5.2% beginning July 1, 2003, to 6% | | beginning January 1, 2004. |
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