122nd MAINE LEGISLATURE
LD 1799 LR 2637(02)
An Act to  Exempt Snow Grooming Equipment and Machinery from the Personal Property Tax
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 $0 $18,750 $18,938
Appropriations/Allocations
General Fund  $0 $0 $18,750 $18,938
Fiscal Detail and Notes
The cost to reimburse municipalities for 50% of the loss of revenue as a result of the snow grooming property tax exemption is estimated to be $18,750 in fiscal year 2007-08 and $18,938 in fiscal year 2008-09.