| 122nd MAINE LEGISLATURE | |||||||||
| LD 1799 | LR 2637(04) | ||||||||
| An Act to Exempt Snow Grooming Equipment and Machinery from the Personal Property Tax | |||||||||
| Fiscal Note for Senate Amendment " " to Committee Amendment "A" | |||||||||
| Sponsor: Sen. Rotundo | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Exempted State Mandate | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $18,565 | $0 | $0 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $18,565 | $0 | $0 | |||||
| State Mandate | |||||||||
| New or Expanded Activity | Unit Affected | Costs | |||||||
| Requires municipalities to determine the taxable status of snow grooming equipment as of April 1, 2006. It is estimated that 5 municipalities will be impacted. Pursuant to the Mandate Preamble, the two-thirds vote of all members elected to each House exempts the State from the constitutional requirement to fund 90% of the additional local costs. | Municipality | Insignificant | |||||||
| Fiscal Detail and Notes | |||||||||
| This amendment increases the cost of the bill by $18,565 as a result of applying the provisions retroactively to the status of property on and after April 1, 2006. The bill, as amended, continues to have a General Fund cost of $18,750 in fiscal year 2007-08 and $18,938 in fiscal year 2008-09. | |||||||||