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129th MAINE LEGISLATURE |
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LD 989 |
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LR 1241(02) |
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An Act To Improve
Maine's Tax Laws |
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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 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$0 |
$1,625 |
$1,675 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$0 |
$1,625 |
$1,675 |
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| Fiscal Detail
and Notes |
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The bill provides
a property tax exemption for real estate and personal property owned by
central labor councils. The Department of Administrative and Financial
Services will require a General Fund appropriation of $1,625 in fiscal year
2021-22 and $1,675 in fiscal year 2022-23 to reimburse municipalities 50% of
the amount of the property tax reduction. |
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