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128th MAINE LEGISLATURE |
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LD 1521 |
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LR 729(01) |
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An Act To Amend
the Property Tax Laws |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Hilliard of Belgrade |
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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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| Current biennium revenue increase - Municipalities |
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| Fiscal Detail
and Notes |
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Removing the
property tax exemption status of land trust organizations and allowing the
assessment of service charges against certain nonprofits would increase
revenue to municipalities. Reducing
the rate of excise tax for the first two years while increasing the rate for
the last four years would result in revenue increases or decreases to
municipalities by year depending on the age of motor vehicles in the
municipality. |
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