124th MAINE LEGISLATURE
		LD 51		LR 386(02)
	An Act To Allow Military Personnel Living in Maine To Benefit under the Maine Resident Homestead Property Tax Exemption
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
State Mandate - Unfunded
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		$7,500	$5,000	$5,000	$5,000
Appropriations/Allocations
	General Fund		$7,500	$5,000	$5,000	$5,000
State Mandates
	Required Activity				Unit Affected	Costs
	Requiring municipalities to engage in additional administrative and clerical functions related to inclusion of additional military personnel in the Maine Resident Homestead Property Tax Exemption program may be a mandate under the Constitution of Maine.				Municipality	Insignificant
Fiscal Detail and Notes
	The bill includes a General Fund appropriation of $7500 in FY2010 and $5000 annually thereafter to allow non-resident military personnel owning a home in Maine to benefit under the Maine Resident Homestead Property Tax Exemption program.  The state is constitutionally required to provide 50% of the property tax revenue loss to municipalities from new property tax exemptions.