| 122nd MAINE LEGISLATURE | |||||||||
| LD 1797 | LR 2666(02) | ||||||||
| An Act To Clarify the Qualifications for the Maine Residents Property Tax Program | |||||||||
| 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 | $521,076 | $525,854 | $541,629 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $10,000 | $0 | $0 | |||||
| Revenue | |||||||||
| General Fund | $0 | ($511,076) | ($525,854) | ($541,629) | |||||
| Other Special Revenue Funds | $0 | ($27,466) | ($28,844) | ($29,710) | |||||
| Fiscal Detail and Notes | |||||||||
| The expansion of the Maine Residents Property Tax Program will reduce income tax collections by an estimated $538,542 in fiscal year 2006-07, resulting in a General Fund revenue loss of $511,076. This bill includes a General Fund appropriation of $10,000 in fiscal year 2006-07 for Maine Revenue Services' computer programming costs. | |||||||||