121st Maine Legislature
		Office of Fiscal and Program Review
		LD 855
		An Act to Establish Minimum Standards of Eligibility for the Property Tax Exemption for Benevolent and Charitable Institutions
		LR 1730(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Cressy of Baldwin
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
Undetermined current biennium cost increase - General Fund
Fiscal Detail and Notes
	The General Fund impact of the proposed changes to the standards of eligibility for certain property tax exemptions can not be determined at this time.  It is likely General Fund appropriations will be necessary to reimburse municipalities for at least 50% of the property tax loss as well as for 90% of potential state mandate costs.