Sec. 11. 30-A MRSA §5731 is enacted to read:

§5731.__Budget statement

A statement must be printed at the beginning of the municipal budget document that is prepared for public hearing indicating the estimated impact of the budget document, if approved, on property tax mill rates for education for all classes of property within the municipalities that are part of the unit.

Sec. 12. 36 MRSA §383, sub-§4, ¶¶A and B, as enacted by PL 2001, c. 32, §1, are amended to read:

A. Maine Tree Growth Tax Law, section 578; and

B. Veterans' property tax exemptions, section 653; and.

Sec. 13. 36 MRSA §383, sub-§4, ¶C, as enacted by PL 2001, c. 32, §1, is repealed.

Sec. 14. 36 MRSA §507, as amended by PL 1997, c. 643, Pt. HHH, §2 and affected by §10, is further amended to read:

§507. Taxpayer information

When a municipality issues a property tax bill to each taxpayer, each bill must contain a statement or calculation that demonstrates the amount or percentage by which the taxpayer's tax has been reduced by the distribution of state- municipal revenue sharing, state reimbursement for the Maine resident homestead property tax exemption and state aid for education. The property tax bill must contain a statement of the assessed value of a homestead, before and after the calculation of a Maine resident homestead property tax exemption, and the amount of the exemption applied to the homestead. The State Tax Assessor shall annually provide each municipality with the amount of state-municipal revenue sharing and state aid for education subject to identification under this section.

Each property tax bill issued with respect to a property tax year beginning on or after April 1, 2004 must also contain the