123rd MAINE LEGISLATURE
LD 1338 LR 2183(01)
An Act Concerning the Taxation of Property Owned by Certain Nonprofit Organizations
Fiscal Note for Original Bill
Sponsor: Rep. Fletcher of Winslow
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $0 $253,121 $261,981 $271,150
Appropriations/Allocations
General Fund $0 $253,121 $261,981 $271,150
State Mandates
Required Activity Unit Affected Costs
Administrative activities associated with this new property tax exemption. Municipality Significant
Fiscal Detail and Notes
The General Fund cost of reimbursing municipalities for 50% of the estimated property tax revenue loss is $253,121 in fiscal year 2008-09.