121st Maine Legislature
		Office of Fiscal and Program Review
		LD 208
		RESOLUTION, Proposing an Amendment to the Constitution of Maine Related to the Taxation of Personal Property
		LR 0130(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Lemoine
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
Current biennium cost increase - General Fund
Referendum Costs		Month/Year	Election Type	Question	Length
		Nov-03	General	Referendum	Standard
	The Secretary of State's budget includes sufficient funds to accommodate one ballot of average length for the general election in November. If the number or size of the referendum questions increases the ballot length, an additional appropriation of $8,000 or more may be required.
Fiscal Detail and Notes
	If approved by the voters, the impact on the Business Equipment Tax Reimbursement (BETR) program will depend on the number of municipalities that decide to impose a tax on business personal property.  To the extent that municipalities do not impose such a tax there may be savings to the BETR program.