| 123rd MAINE LEGISLATURE | ||||||
| LD 1338 | LR 2183(01) | |||||
| An Act Concerning the Taxation of Property Owned by Certain Nonprofit Organizations | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Fletcher of Winslow | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $253,121 | $261,981 | $271,150 | ||
| Appropriations/Allocations | ||||||
| General Fund | $0 | $253,121 | $261,981 | $271,150 | ||
| State Mandates | ||||||
| Required Activity | Unit Affected | Costs | ||||
| Administrative activities associated with this new property tax exemption. | Municipality | Significant | ||||
| Fiscal Detail and Notes | ||||||
| The General Fund cost of reimbursing municipalities for 50% of the estimated property tax revenue loss is $253,121 in fiscal year 2008-09. | ||||||