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(04)
						Fiscal Note for House Amendment " " to Committee Amendment " "
		Sponsor: Rep. Lemoine
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$0	$0	($50,000)	($50,000)
Appropriations/Allocations
	General Fund		$0	$0	($50,000)	($50,000)
Fiscal Detail and Notes
	This bill excludes certain lottery equipment from BETR reimbursement which will reduce the amount otherwise required beginning in fiscal year 2005-06.  The General Fund savings are estimated to be approximately $50,000.
	This bill also eliminates an unbudgeted 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.