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129th MAINE LEGISLATURE |
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LD 1150 |
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LR 1296(02) |
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An Act To Amend
the Maine Tree Growth Tax Law To Encourage Public Access |
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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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Potential current biennium revenue increase - Other Special
Revenue Funds
Potential current biennium revenue increase - Municipalities |
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Fiscal Detail
and Notes |
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This bill
excludes from Maine Tree Growth Tax Law a parcel of land larger than 50,000
acres to which public access for recreational use is limited or prohibited by
the owner. To the extent that there are parcels in tree growth that would not
meet the new eligibility criteria, those parcels would be removed from the
program and Other Special Revenue Funds revenue and municipal revenue would
be increased from penalties and increased tax revenue arising from changing
the assessment. No estimate of the impact on revenues is made at this time. |
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