| 123rd MAINE LEGISLATURE | ||||||
| LD 179 | LR 209(01) | |||||
| An Act To Make Changes to the Maine Residents Property Tax Program | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Sen. Sullivan of York | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $668,675 | $674,562 | $691,954 | $709,872 | ||
| Appropriations/Allocations | ||||||
| General Fund | $11,000 | $0 | $0 | $0 | ||
| Revenue | ||||||
| General Fund | ($657,675) | ($674,562) | ($691,954) | ($709,872) | ||
| Other Special Revenue Funds | ($36,075) | ($37,001) | ($37,955) | ($38,938) | ||
| Fiscal Detail and Notes | ||||||
| The estimated General Fund revenue loss associated with the changes to the Maine Residents Property Tax Program is estimated to be $657,675 in fiscal year 2007-08 and $674,562 in fiscal year 2008-09. Maine Revenue Services will require a one-time General Fund appropriation of $11,000 for the related computer programming costs. | ||||||