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128th MAINE LEGISLATURE |
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LD 1421 |
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LR 724(02) |
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Resolve,
Authorizing the State Tax Assessor To Convey the Interest of the State in
Certain Real Estate in the Unorganized Territory |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Current biennium revenue increase - Other Special Revenue Funds |
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| Fiscal Detail
and Notes |
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This resolve
authorizes the State Tax Assessor to convey the interest of the State in
several parcels of real estate in the Unorganized Territory (UT) acquired
through the foreclosure of tax liens for nonpayment of property taxes. The funds received as a result of these
sales will accrue as dedicated revenue to the Unorganized Territory Education
and Services Fund and will be available to reduce future tax assessments in
the UT. The amounts received from
these sales will depend on sale prices and cannot be estimated at this
time. |
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