121st Maine Legislature
Office of Fiscal and Program Review
LD 1746
An Act To Provide Equity in Veterans' Property Tax Exemptions
LR 2282(01)
Fiscal Note for Original Bill
Sponsor: Rep. Thompson of China
Committee: Taxation
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2003-04 2004-05 2005-06 2006-07
Net Cost (Savings)
General Fund $0 $0 $4,500 $4,600
Appropriations/Allocations
General Fund $0 $0 $4,500 $4,600
Fiscal Detail and Notes
Maine Revenue Services will require $4,500 in fiscal year 2005-06 and $4,600 in fiscal year 2006-07 to reimburse municipalities for 50% of the property tax revenue loss associated with the expansion of the Veteran's Property Tax Exemption.