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.