125th MAINE LEGISLATURE
		LD 838		LR 617(01)
	An Act To Make the Homestead Property Tax Exemption More Flexible for Municipalities and Remain Revenue Neutral for the State
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Chase of Wells
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
No state fiscal impact
Fiscal Detail and Notes
	Amending the homestead property tax exemption by reducing it from $10,000 to $5,000 and providing that the state must reimburse municipalities for 100% of the exemption, while authorizing municipalities to adopt ordinances to add up to 200% of the state-required exemption will not have a state fiscal impact but may impact municipalities.  This bill may also face a potentially significant Constitutional hurdle owing to its potentially disparate treatment of similarly situated property.