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125th MAINE LEGISLATURE |
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LD 1680 |
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LR 2507(01) |
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An Act To Amend
the Circuitbreaker Program To Include Claimants Occupying Property Pursuant
to a Trust and To Require Proof of Payment of Rent |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Plowman of Penobscot |
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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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Minor revenue increase - General Fund |
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FY 2011-12 |
FY 2012-13 |
Projections FY 2013-14 |
Projections FY 2014-15 |
Net Cost
(Savings) |
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General Fund |
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$0 |
$74,446 |
$75,114 |
$77,428 |
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Appropriations/Allocations |
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General Fund |
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$0 |
$74,446 |
$75,114 |
$77,428 |
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Fiscal Detail
and Notes |
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The bill would
require that a renter of a homestead held in a revocable living trust provide
as part of their application for benefits under the Circuitbereaker program
either a notarized statement signed by the claimant or a letter signed by the
claimant's landlord stating that the rent for the year for which the
Circuitbreaker benefit is claimed has been paid in full. Maine Revenue Services estimates that this
change would lead to a negligible reduction in claims under the program. Maine Revenue Services would require one
additional Tax Examiner position to process the additional materials required
for filing a claim under the bill. |
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