129th MAINE LEGISLATURE
		LD 560		LR 2224(02)
	An Act To Improve Access to Property Tax Exemptions for New Homeowners
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2019-20	FY 2020-21	Projections  FY 2021-22	Projections  FY 2022-23
Net Cost (Savings)
	General Fund		$0	$1,000,000	$1,350,000	$1,400,000
Appropriations/Allocations
	General Fund		$0	$1,000,000	$1,350,000	$1,400,000
Fiscal Detail and Notes
	The bill includes a General Fund appropriation in fiscal year 2020-21 to the Department of Administrative and Financial Services to increase homestead property tax exemption payments for homeowners who have lived in their residence for less than twelve months.