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128th MAINE LEGISLATURE |
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LD 1121 |
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LR 1666(01) |
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An Act Regarding
the Exclusive Use of Tax Exempt Property |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Kinney of Limington |
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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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| Potential current biennium revenue increase - Municipalities |
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| Fiscal Detail
and Notes |
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This legislation
removes the property tax exemption to entities that use the property
incidentally in the provision of goods or services in the exchange of
compensation. If an entity were to
continue to use the property in this way, municipalities would be allowed to
assess property taxes on the property. |
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