| 123rd MAINE LEGISLATURE | ||||||
| LD 624 | LR 98(01) | |||||
| An Act To Increase the Maine Resident Homestead Property Tax Exemption Amount to $25,000 | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Sirois of Turner | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $26,911,142 | $27,117,425 | $26,931,630 | ||
| Appropriations/Allocations | ||||||
| General Fund | $0 | $26,911,142 | $27,117,425 | $26,931,630 | ||
| Fiscal Detail and Notes | ||||||
| The additional General Fund cost to increase the Homestead exemption to $25,000 is estimated to be $26,911,142 in fiscal year 2008-09. | ||||||