125th MAINE LEGISLATURE
		LD 441		LR 557(05)
	An Act To Make Telecommunications Personal Property Tax Law Equitable
	Fiscal Note for Bill as Engrossed with: C "A" (H-477) S "A" (S-347) to C "A" (H-477)
	Committee: Taxation
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		($152,518)	$152,518	$305,036	$305,036
Revenue
	General Fund		$152,518	($152,518)	($305,036)	($305,036)
Fiscal Detail and Notes
	This bill increases the mill rate for Telecommunication Personal Property Tax assessements in 2012 from 19 mills to 19.2 mills, which will generate $152,528 of additional General Fund revenue in fiscal year 2011-12.  Beginning in fiscal year 2012-13, the new tax structure for telecommunications personal property will decrease General Fund revenue from current estimates by $152,518 in fiscal year 2012-13 and $305,036 annually in fiscal year 2013-14 and 2014-15.
	Any rulemaking and other administrative costs can be absorbed by Maine Revenue Services within existing budgeted resources.