122nd MAINE LEGISLATURE
LD 74 LR 0047(03)
An Act To Increase the Property Tax Exemption for Veterans
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Taxation
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
General Fund $0 $17,500 $19,250 $21,175
Appropriations/Allocations
General Fund $0 $17,500 $19,250 $21,175
Fiscal Detail and Notes
Maine Revenue Services will require a General Fund appropriation of $17,500 in fiscal year 2006-07 to reimburse municipalities for 50% of the property tax revenue loss due to the increase in the property tax exemption for certain veterans.