121st Maine Legislature
		Office of Fiscal and Program Review
		LD 975
		An Act To Improve the Business Equipment Tax Reimbursement Program
		LR 1548(01)
		Fiscal Note for Original Bill
		Sponsor: Sen. Strimling of Cumberland
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$0	($14,000,000)	($14,000,000)	($14,000,000)
Appropriations/Allocations
	General Fund		$0	($14,000,000)	($14,000,000)	($14,000,000)
Fiscal Detail and Notes
	This bill will reduce the General Fund cost of the Business Equipment Property Tax Reimbursement (BETR) program by approximately $14,000,000 beginning in fiscal year 2004-05, based on applications filed on or after August 1, 2004.