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124th MAINE LEGISLATURE |
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LD 1635 |
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LR 2178(01) |
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An Act To Avoid
Unnecessary Removal of Land from the Maine Tree Growth Tax Law Program |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Watson of Bath |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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Preliminary
Fiscal Impact Statement |
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State Mandate - Unfunded |
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State Mandates |
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Required Activity |
Unit Affected |
Local Cost |
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Requiring
local tax assessors to oversee a suspension process related to the Tree
Growth Tax Law during which the status of the property must be monitored and
the parcel is returned to Tree Growth status may mean extra time for
compliance monitoring and reclassification work by local tax assessors. |
Municipality |
Insignificant statewide |
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The required
local activities in this bill may represent a State mandate pursuant to the
Constitution of Maine. Unless General
Fund appropriations are provided to fund at least 90% of the additional costs
or a Mandate Preamble is amended to the bill and two-thirds of the members of
each House vote to exempt this mandate from the funding requirement,
municipalities may not be required to implement these changes. |
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Fiscal Detail
and Notes |
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The
administrative cost for Maine Revenue Services associated with this bill can
be absorbed within existing budgeted resources. |
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