121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1746
		An Act To Provide Equity in Veterans' Property Tax Exemptions
		LR 2282(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
Future Cost - State Mandate
					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
State Mandate
	New or Expanded Activity			Unit Affected	Costs
	Administrative expenses associated with expanding the property tax exemption.			Municipality	Insignificant
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.  This is in addition to the state mandate created by the minor administrative responsibilities at the local level associated with the new exemption.