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128th MAINE LEGISLATURE |
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LD 727 |
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LR 1432(01) |
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An Act To Protect
the Tax Base of Municipalities by Removing the Property Tax Exemption for
Land Held for Conservation or Public Access Purposes |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Stetkis of Canaan |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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Preliminary
Fiscal Impact Statement |
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Current biennium revenue increase - Municipalities |
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Fiscal Detail
and Notes |
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This bill would
remove the property tax exemption for entities that hold land primarily for
conservation or public access purposes.
As a result, municipalities would be allowed to assess property taxes
on these entities, increasing revenue to municipalities. |
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