| 122nd MAINE LEGISLATURE | |||||||||
| LD 1799 | LR 2637(02) | ||||||||
| An Act to Exempt Snow Grooming Equipment and Machinery from the Personal Property Tax | |||||||||
| 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 | $18,750 | $18,938 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $0 | $18,750 | $18,938 | |||||
| Fiscal Detail and Notes | |||||||||
| The cost to reimburse municipalities for 50% of the loss of revenue as a result of the snow grooming property tax exemption is estimated to be $18,750 in fiscal year 2007-08 and $18,938 in fiscal year 2008-09. | |||||||||