121st Maine Legislature
		Office of Fiscal and Program Review
		LD 579
		An Act To Provide a Property Tax Exemption for Parents Whose Children Attend a Private Elementary or Secondary School
		LR0676(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Collins of Wells
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
		2002-03	2003-04	2004-05	2005-06	2006-07
Net Cost (Savings):
	General Fund			$2,500	$98,670	$104,640
Appropriations/Allocations
	General Fund			$2,500	$98,670	$104,640
State Mandate		Unit Affected	Costs	Description
		Municipality	Significant	Local assessors would need to annually process applications, make eligibility determinations and establish the amount of local exempt valuation allowed for each qualifying homestead property.
Fiscal Detail and Notes
	Maine Revenue Services will require a General Fund appropriation of $98,670 in fiscal year 2005-06 and $104,640 in fiscal year 2006-07 to reimburse municipalities for a portion of local revenue loss.  Maine Revenue Services will also require a General Fund appropriation of $2,500 in fiscal year 2004-05 for the related administrative costs.  Reducing the amount of revenue collected through property taxes may impact a local governmental unit's ability to fulfill its obligations to its school administrative units.  The impact to local governmental units and school administrative units cannot be determined at this time.