129th MAINE LEGISLATURE
		LD 682		LR 692(02)
	An Act To Provide Seniors and Certain Persons with Disabilities Assistance with Property Taxes through the Deferral of Those Taxes
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2019-20	FY 2020-21	Projections  FY 2021-22	Projections  FY 2022-23
Net Cost (Savings)
	General Fund		$0	$1,264,104	$1,815,014	$2,418,104
Appropriations/Allocations
	General Fund		$0	$1,264,104	$1,815,014	$2,418,104
Fiscal Detail and Notes
	The bill reinstates the property tax deferral program for certain individuals.  It includes a General Fund appropriation to the Department of Administrative and Financial Services (DAFS) of $164,104 in fiscal year 2020-21 for one Principal Property Appraiser position and related costs to review and approve applications, audit applications and track continued eligibility.  It also includes a General Fund appropriation to the DAFS of $1,100,000 in fiscal year 2020-21 to make payments to municipalities under the property tax deferral program.