| SP0393 LD 1172 |
Session - 128th Maine Legislature C "A", Filing Number S-179, Sponsored by
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LR 1602 Item 2 |
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| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill by inserting after section 26 the following:
‘Sec. 27. Appropriations and allocations. The following appropriations and allocations are made.
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
Revenue Services, Bureau of 0002
Initiative: Provides funding to reimburse municipalities for the loss of personal property tax revenue.
| GENERAL FUND | 2017-18 | 2018-19 |
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All Other
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$0 | $60,081,377 |
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| GENERAL FUND TOTAL | $0 | $60,081,377 |
SUMMARY
This amendment adds an appropriation to reimburse municipalities for 50% of the revenue loss due to the repeal of the tax on personal property. Reimbursement is required under the Constitution of Maine, Article IV, Part Third, Section 23.