124th MAINE LEGISLATURE
		LD 788		LR 1267(02)
	An Act To Aid Municipalities and the Unorganized Territory in the Reduction of Property Taxes
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
Future biennium revenue decrease - General Fund
Fiscal Detail and Notes
	This bill does not have any fiscal impact on the current forecast period.  The required annual transfer for local sales tax increment distribution will reduce Sales and Use tax revenue beginning in fiscal year 2013-14 .  The fiscal year 2013-14 transfer is estimated to be $4,900,000, resulting in a General Fund loss of $4,655,000.