127th MAINE LEGISLATURE
		LD 76		LR 407(02)
	An Act To Amend the Property Tax Fairness Credit
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2015-16	FY 2016-17	Projections  FY 2017-18	Projections  FY 2018-19
Net Cost (Savings)
	General Fund		$10,640,000	$11,305,000	$11,875,000	$11,875,000
Revenue
	General Fund		($10,640,000)	($11,305,000)	($11,875,000)	($11,875,000)
	Other Special Revenue Funds		($560,000)	($595,000)	($625,000)	($625,000)
Fiscal Detail and Notes
	This bill makes changes to the property tax fairness credit resulting in a reduction in General Fund revenue of $10,640,000 in fiscal year 2015-16 and $11,305,000 in 2016-17 and a reduction in Local Government Fund revenue of $560,000 in fiscal year 2015-16 and $595,000 in 2016-17.  This analysis assumes the changes are effective for tax years beginning on or after 1-1-15.