| 123rd MAINE LEGISLATURE | ||||||
| LD 1972 | LR 2903(01) | |||||
| An Act To Provide Property Tax Relief | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Sen. Bartlett of Cumberland | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $140,199,594 | $147,189,627 | $117,438,337 | ||
| Revenue | ||||||
| General Fund | $0 | ($140,199,594) | ($147,189,627) | ($117,438,337) | ||
| Other Special Revenue Funds | $0 | ($7,534,436) | ($8,073,693) | ($6,441,765) | ||
| Fiscal Detail and Notes | ||||||
| Establishing the income tax credit for certain homestead property taxes will decrease General Fund revenue by approximately $140,000,000 in fiscal year 2008-09. | ||||||