128th MAINE LEGISLATURE
		LD 1172		LR 1602(02)
	An Act To Repeal the Maine Personal Property Tax
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2017-18	FY 2018-19	Projections  FY 2019-20	Projections  FY 2020-21
Net Cost (Savings)
	General Fund		$0	$60,081,377	$47,100,000	$46,800,000
Appropriations/Allocations
	General Fund		$0	$60,081,377	$47,100,000	$46,800,000
Fiscal Detail and Notes
	This bill includes a General Fund appropriation of $60,081,377 in fiscal year 2018-19 to the Department of Administrative and Financial Services to reimburse municipalities 50% of the revenue loss due to the repeal of the tax on personal property.