121st Maine Legislature
		Office of Fiscal and Program Review
		LD 643
		An Act to Provide a Property Tax Exemption to All Veterans of the United States Armed Forces
		LR 0800(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Ledwin
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings):
	General Fund		$2,500	$260,000	$294,000	$329,000
Appropriations/Allocations
	General Fund		$2,500	$260,000	$294,000	$329,000
Fiscal Detail and Notes
	This bill amends the property tax exemption eligibility requirements for veterans.  Maine Revenue Services will require a General Fund appropriation of $260,000 in fiscal year 2004-05 to reimburse municipalities for a portion of the local revenue loss.  Maine Revenue Services will also require an additional General Fund appropriation of $2,500 in fiscal year 2003-04 for the related administrative costs.