| 123rd MAINE LEGISLATURE | ||||||
| LD 1444 | LR 192(01) | |||||
| An Act To Index the Veterans' Property Tax Exemptions to the Cost of Living | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Burns of Berwick | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $0 | $42,757 | $86,372 | ||
| Appropriations/Allocations | ||||||
| General Fund | $0 | $0 | $42,757 | $86,372 | ||
| State Mandates | ||||||
| Required Activity | Unit Affected | Costs | ||||
| Administrative activities associated with the annual indexing of the veterans property tax exemption. | Municipality | Significant | ||||
| Fiscal Detail and Notes | ||||||
| The General Fund cost to reimburse municipalities for 50% of the estimated property tax revenue loss associated with the annual indexing of the Veterans Property Tax Exemption is $42,757 in fiscal year 2009-10 and $86,372 in fiscal year 2010-11. | ||||||