121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1804
		An Act to Clarify Property Eligible for Reimbursement of Property Taxes under the Business Equipment Tax Reimbursement Program
		LR 2303(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
Eliminates potential future cost increase - General Fund
Fiscal Detail and Notes
	This bill eliminates a potential future cost to the General Fund by prohibiting Business Equipment Property Tax Reimbursement (BETR) for certain gambling equipment.  The amount of future savings can not be determined at this time and will depend on the definition of gaming equipment and devices that is established and on the extent of gaming activities within the state.  Based on a 1500 unit gambling entity with an investment cost of $23.5 million and an average mill rate of 18 mills, one estimate of the amount of future increased BETR reimbursement without this bill is $423,000 annually.