126th MAINE LEGISLATURE
		LD 401		LR 1095(04)
	An Act To Provide Local Sales Tax Increment Disbursements
	Fiscal Note for Senate Amendment " " to Committee Amendment "A"
	Sponsor: Sen. Hill of York
	Fiscal Note Required: Yes
Fiscal Note
State Mandate - Exempted
State Mandates
	Required Activity				Unit Affected	Local Cost
	Municipalities will be required to reduce the property tax levy in an amount equal to the payments received from the local sales tax increment revenue.  Administrative duties would include accounting for the new revenue source and calculating the reduction to the mill rate that would represent that amount of revenue each year.				Municipality	Insignificant statewide
	Pursuant to the Mandate Preamble, the two-thirds vote of all members elected to each House exempts the state from the constitutional requirement to fund 90% of the additional costs.
Fiscal Detail and Notes
	This amendment adds a Mandate Preamble to the bill.