126th MAINE LEGISLATURE
		LD 1207		LR 1829(01)
	An Act To Expand the Property Tax Exemption for Veterans Who Are 100% Disabled
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Crockett of Bethel
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Current biennium cost increase - General Fund
Fiscal Detail and Notes
	Pursuant to Article IV, Part Third, Section 23 of the Maine Constitution the state is required to annually reimburse municipalities for 50% of property tax revenue lost by municipalities for state imposed property tax exemptions or credits.  While it is unknown at this time as to the total amount of property tax revenue that would be lost due to this exemption, there will need to be General Fund appropriations to cover this reimbursement.