124th MAINE LEGISLATURE
		LD 545		LR 1176(02)
	An Act To Amend the Tax Exemption Regarding Leased Property
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
State Mandate - Unfunded
State Mandates
	Required Activity				Unit Affected	Local Cost
	Requiring municipalities to engage in additional administrative and clerical functions, including expanding the tax base, may be a mandate under the Constitution of Maine.				Municipality	Insignificant statewide
	The required local activities in this bill may represent a State mandate pursuant to the Constitution of Maine.  Unless General Fund appropriations are provided to fund at least 90% of the additional costs or a Mandate Preamble is amended to the bill and two-thirds of the members of each House vote to exempt this mandate from the funding requirement, municipalities may not be required to implement these changes.