Sec. G-1. Telecommunications Personal Property Tax Reserve. On or before June 30, 2000, the State Controller shall transfer $14,662,083 from the Telecommunications Personal Property Tax Reserve of the General Fund to the unappropriated surplus of the General Fund. This transfer must be made available to offset the fiscal impact of applying the estimated prepayment of the telecommunications property tax made for the 2000 tax year to the 1999 gross tax assessment due August 15, 1999.
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