LD 290 LR 346(04)
An Act To Stabilize Property Taxes for Individuals 65 Years of Age or Older Who Own a Homestead for at Least 10 Years
Fiscal Note for Senate Amendment "A" to Committee Amendment "A"
Sponsor: Sen. Breen of Cumberland
Fiscal Note Required: Yes
Fiscal Note
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund ($70,824) ($1,955,000) ($4,790,000) ($6,920,000)
General Fund ($70,824) ($1,955,000) ($4,790,000) ($6,920,000)
Fiscal Detail and Notes
This amendment removes the General Fund appropriation of $70,824 from fiscal year 2021-22. It also moves $1,955,000 of the General Fund appropriation in fiscal year 2022-23 to fiscal year 2023-24. As amended, the bill still includes a General Fund appropriation of $315,242 in fiscal year 2022-23 to the Bureau of Revenue Services within the Department of Administrative and Financial Services.