122nd MAINE LEGISLATURE
LD 2056 LR 3069(05)
An Act To Replace Municipal Revenues Subject to Business Equipment Property Tax Exemption 
Fiscal Note for Senate Amendment "   " to Committee Amendment "A"
Sponsor: Sen. Perry
Fiscal Note Required: Yes
   
             
Fiscal Note
Future biennium cost increase - General Fund
Future biennium revenue decrease - Federal Expenditures Fund
Future biennium revenue increase - Other Special Revenue Funds
Projections Projections
2005-06 2006-07 2007-08 2008-09
Revenue
Other Special Revenue Funds $0 $0 $15,205,794 $15,556,968
Fiscal Detail and Notes
This bill will increase Other Special Revenue Funds in the Department of Health and Human Services by approximately $15,000,000 annually beginning in fiscal year 2007-08 as a result of the property tax on nonprofit hospitals.  If this tax violates federal regulations regarding limitations on health care-related taxes this amendment will trigger a reduction in federal Medicaid funds.  The Department of Health and Human Services will require additional General Fund appropriations equal to the lost Federal Expenditures Fund revenue to support MaineCare program costs.