125th MAINE LEGISLATURE
		LD 1693		LR 2526(03)
	An Act To Amend the Law Governing Abatements of Property Taxes for Infirmity or Poverty and the Administration of the Circuitbreaker Program
	Fiscal Note for Bill as Engrossed with: C "A" (H-754)
	Committee: Taxation
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$0	($41,000)	($50,000)	($50,000)
Revenue
	General Fund		$0	$41,000	$50,000	$50,000
Fiscal Detail and Notes
	This bill provides that, for purposes of making property tax abatements for reasons of infirmity or poverty, municipal officers may set off or otherwise treat as available Circuitbreaker Program benefits when determining how much a person is able to contribute to the public charges.  Any property taxes abated by a municipality for reasons of poverty or infirmity may not be claimed under the Circuitbreaker Program. The provisions of the bill will reduce benefit payments by $41,000 in FY 2012-13 and by $50,000 in subsequent fiscal years. Any additional costs required under the bill can be absorbed by Maine Revenue Services within budgeted resources.