| 122nd MAINE LEGISLATURE | |||||||||
| LD 827 | LR 1617(02) | ||||||||
| An Act To Preserve Farmland and Timberland following the Death of an Owner | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $0 | $3,251,256 | $4,433,293 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $0 | $99,677 | $104,877 | |||||
| Revenue | |||||||||
| General Fund | $0 | $0 | ($3,151,579) | ($4,328,416) | |||||
| Fiscal Detail and Notes | |||||||||
| This bill is expected to reduce General Fund revenue by $3,151,579 in fiscal year 2007-08 and $4,328,416 in fiscal year 2008-09. Maine Revenue Services will also require annual General Fund appropriations of approximately $100,000 in the 2008-2009 biennium for the administrative costs associated with this change. | |||||||||