122nd MAINE LEGISLATURE
LD 1799 LR 2637(04)
An Act to  Exempt Snow Grooming Equipment and Machinery from the Personal Property Tax
Fiscal Note for Senate Amendment "   " to Committee Amendment "A"
Sponsor:  Sen. Rotundo
Fiscal Note Required: Yes
   
             
Fiscal Note
Exempted State Mandate
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
General Fund $0 $18,565 $0 $0
Appropriations/Allocations
General Fund  $0 $18,565 $0 $0
State Mandate
New or Expanded Activity Unit Affected Costs
Requires municipalities to determine the taxable status of snow grooming equipment as of April 1, 2006.  It is estimated that 5 municipalities will be impacted.  Pursuant to the Mandate Preamble, the two-thirds vote of all members elected to each House exempts the State from the constitutional requirement to fund 90% of the additional local costs. Municipality Insignificant
Fiscal Detail and Notes
This amendment increases the cost of the bill by $18,565 as a result of applying the provisions retroactively to the status of property on and after April 1, 2006. The bill, as amended, continues to have a General Fund cost of $18,750 in fiscal year 2007-08 and $18,938 in fiscal year 2008-09.