126th MAINE LEGISLATURE
		LD 1762		LR 2721(11)
	An Act Related to the Report of the Tax Expenditure Review Task Force
	Fiscal Note for House Amendment " " to Original Bill
	Sponsor: Rep. Parry of Arundel
	Fiscal Note Required: Yes
Fiscal Note
			FY 2013-14	FY 2014-15	Projections  FY 2015-16	Projections  FY 2016-17
Net Cost (Savings)
	General Fund		$0	$0	$7,243,950	$7,507,623
Revenue
	General Fund		$0	$0	($7,243,950)	($7,507,623)
	Other Special Revenue Funds		$0	($6,094,348)	$921,850	$949,506
Fiscal Detail and Notes
	This amendment increases the General Fund cost of the bill by $7,243,950 in fiscal year 2015-16 and $7,507,623 in fiscal year 2016-17.  The amendment also changes the transfer from the Local Government Fund to the General Fund under PL 2013, c. 368, Pt. S to $6,989,348 in fiscal year 2014-15, instead of repealing it.  This transfer offsets the net fiscal year 2014-15 General Fund cost of the revenue changes of the provisions detailed below.
			FY 2013-14	FY 2014-15	FY 2015-16	FY 2016-17
	Establishes the Circuitbreaker program for individuals aged 62 or older and only for property taxes paid
	- General Fund		$0	($23,994,348)	($24,759,100)	($25,548,227)
	Eliminates the property tax fairness credit for individuals benefiting under the Circuitbreaker program
	- General Fund		$0	$17,005,000	$17,515,150	$18,040,605
	- Municipal Revenue Sharing		$0	$895,000	$921,850	$949,506