127th MAINE LEGISLATURE
		LD 1095		LR 157(02)
	An Act To Enhance the Property Tax Fairness Credit for Maine's Low-income Seniors and Other Low-income Residents
	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		$0	$37,952,500	$39,520,000	$40,185,000
Revenue
	General Fund		$0	($37,952,500)	($39,520,000)	($40,185,000)
	Other Special Revenue Funds		$0	($1,997,500)	($2,080,000)	($2,115,000)
Fiscal Detail and Notes
	This bill increases the benefit base, changes the calculation of the tax credit and increases the maximum credit under the property tax fairness credit and would result in a reduction in General Fund revenue of $37,952,500 in fiscal year 2016-17 and a reduction in Local Government Fund revenue of $1,997,500 in fiscal year 2016-17.