130th MAINE LEGISLATURE
		LD 1071		LR 332(03)
	An Act To Reduce Property Taxes for Maine Residents
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2021-22	FY 2022-23	Projections  FY 2023-24	Projections  FY 2024-25
Net Cost (Savings)
	General Fund		$0	($559,000)	($755,000)	($767,000)
Appropriations/Allocations
	General Fund		$0	($559,000)	($755,000)	($767,000)
Fiscal Detail and Notes
	This bill includes a General Fund deappropriation to the Department of Administrative and Financial Services of $559,000 in fiscal year 2022-23 for the net effect of increasing the homestead property tax exemption to $30,000 and reducing the state reimbursement to municipalities from 70% to 58%.