| 122nd MAINE LEGISLATURE | |||||||||
| LD 827 | LR 1617(01) | ||||||||
| An Act To Preserve Farmland and Timberland following the Death of an Owner | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Fletcher of Winslow | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Current biennium revenue decrease - General Fund | |||||||||
| Current biennium cost increase - General Fund | |||||||||
| Fiscal Detail and Notes | |||||||||
| This bill is expected to reduce General Fund revenue by approximately $5,000,000 to $10,000,000 annually, beginning in fiscal year 2005-06. Maine Revenue Services will also require a General Fund appropriation of $92,147 in fiscal year 2005-06 and $93,001 in fiscal year 2006-07 for the administrative costs associated with this change. | |||||||||