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126th MAINE LEGISLATURE |
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LD 1751 |
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LR 2258(02) |
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An Act To Provide
Property Tax Relief to Maine Residents |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2013-14 |
FY 2014-15 |
Projections FY 2015-16 |
Projections FY 2016-17 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
($326,600) |
($123,876) |
$211,896 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$124,650 |
$0 |
$0 |
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| Revenue |
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General Fund |
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$0 |
$451,250 |
$123,876 |
($211,896) |
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Other Special Revenue Funds |
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$0 |
$23,750 |
$6,520 |
($11,152) |
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| Fiscal Detail
and Notes |
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This bill makes
various changes to the property tax fairness credit and would result in an
increase in General Fund and Local Government Fund revenue of $451,250 and
23,750, respectively, in fiscal year 2014-15.
The bill includes a General Fund appropriation to the Department of
Administrative and Financial Services of $124,650 in fiscal year 2014-15 for
administrative costs associated with these changes. |
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