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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 208 |
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RESOLUTION,
Proposing an Amendment to the Constitution of Maine Related to the Taxation
of Personal Property |
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LR 0130(02) |
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Fiscal Note for Bill as Amended by Committee
Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Current
biennium cost increase - General Fund |
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Referendum
Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-03 |
General |
Referendum |
Standard |
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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. |
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Fiscal Detail
and Notes |
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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. |
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