128th MAINE LEGISLATURE
LD 1196 LR 1279(02)
An Act To Assist Seniors and Certain Persons with Disabilities in Paying Property Taxes
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 $153,252 $1,693,905 $2,796,375 $3,698,918
Appropriations/Allocations
General Fund $153,252 $1,693,905 $2,796,375 $3,698,918
Fiscal Detail and Notes
The bill implements a property tax deferral program.  The bill includes General Fund appropriations to the Department of Administrative and Financial Services of $153,252 in fiscal year 2017-18 and $1,693,905 in fiscal year 2018-19 for one Property Appraiser I position and related costs to implement and administer the property tax deferral program, computer programming costs and funding to reimburse municipalities for property taxes deferred under the program.