| 123rd MAINE LEGISLATURE | ||||||
| LD 2310 | LR 3626(01) | |||||
| An Act To Permit Persons 65 Years of Age or Older To Defer Payment of Property Taxes | ||||||
| Fiscal Note for Original Bill | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $100,000 | $840,000 | $1,602,000 | ||
| Appropriations/Allocations | ||||||
| General Fund | $0 | $100,000 | $840,000 | $1,602,000 | ||
| Fiscal Detail and Notes | ||||||
| The General Fund cost of the elderly property tax deferral program is estimated to be $840,000 in fiscal year 2009-10 and $1,602,000 in fiscal yeat 2010-11. The bill includes a one-time General Fund appropriation of $100,000 in fiscal year 2008-09 for Maine Revenue Services' administrative costs. | ||||||