123rd MAINE LEGISLATURE
LD 849 LR 87(02)
An Act To Amend the Laws Governing Eligibility for the Maine Residents Property Tax Program
Fiscal Note for Bill as Amended by Committee Amendment "     "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $29,453 $30,337 $31,248 $32,185
Revenue
General Fund ($29,453) ($30,337) ($31,248) ($32,185)
Other Special Revenue Funds ($1,616) ($1,664) ($1,714) ($1,765)
Fiscal Detail and Notes
The General Fund revenue loss associated with expanding the circuitbreaker program to include certain personal residence trusts is estimated to be $29,453 in fiscal year 2007-08 and $30,337 in fiscal year 2008-09.