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130th MAINE LEGISLATURE |
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LD 576 |
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LR 1224(02) |
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An Act To
Increase Property Tax Relief for Veterans |
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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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FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$0 |
$3,115,000 |
$3,070,000 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$0 |
$3,115,000 |
$3,070,000 |
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| Fiscal Detail
and Notes |
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The Department of
Administrative and Financial Services will require a General Fund
appropriation of $3,115,000 in fiscal year 2023-24 to expand the veterans
property tax exemption and to increase the reimbursement to municipalities to
100%. |
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