121st Maine Legislature
		Office of Fiscal and Program Review
		LD 975
		An Act To Improve the Business Equipment Tax Reimbursement Program
		LR 1548(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Taxation
		Fiscal Note Required: Yes
		Minority Report
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.