125th MAINE LEGISLATURE
		LD 1341		LR 1716(01)
	An Act To Provide Rent Relief to Low-income Maine Residents
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Chipman of Portland
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$68,949,446	$68,950,114	$68,950,114	$68,950,114
Appropriations/Allocations
	General Fund		$74,446	$75,114	$75,114	$75,114
Revenue
	General Fund		($68,875,000)	($68,875,000)	($68,875,000)	($68,875,000)
	Other Special Revenue Funds		($3,625,000)	($3,625,000)	($3,625,000)	($3,625,000)
Fiscal Detail and Notes
	Raising the percentage of rent paid that may be claimed by elderly and nonelderly households to 100% of the gross rent will increase Maine Residents Property Tax Program (Circuit Breaker) refunds beginning in fiscal year 2011-12, which will reduce revenue to the General Fund and reduce revenue sharing.  Maine Revenue Services (MRS) will require an appropriation for one Tax Examiner position and related administrative support costs to implement the new Circuit Breaker program with the 100% reimbursement requirement.