123rd MAINE LEGISLATURE
		LD 1338		LR 2183(02)
	An Act Concerning the Taxation of Property Owned by Certain Nonprofit Organizations
	Fiscal Note for Bill as Amended by Committee Amendment "     "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
State Mandate - Unfunded
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$0	$253,121	$261,981	$271,150
Appropriations/Allocations
	General Fund		$0	$253,121	$261,981	$271,150
State Mandates
	Required Activity				Unit Affected	Costs
	Administrative activities associated with this new property tax exemption.				Municipality	Significant
Fiscal Detail and Notes
	The General Fund cost of reimbursing municipalities for 50% of the estimated property tax revenue loss is $253,121 in fiscal year 2008-09 and an appropriation is provided in the bill for that.  The bill still has an unfunded mandate for 90% of the cost of the local administrative activities necessitated by the new exemption.