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130th MAINE LEGISLATURE |
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LD 647 |
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LR 517(02) |
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An Act To Expand
Eligibility for the Veterans' Property Tax Exemption |
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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 |
$105,000 |
$111,000 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$0 |
$105,000 |
$111,000 |
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| Fiscal Detail
and Notes |
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This bill expands
eligibility for the veterans' property tax exemption to the period from
February 1, 1955 to February 27, 1961.
This expanded eligibility is based on the status of property for the
property tax year that begins on April 1, 2022. Reimbursement for that year
will not occur until fiscal year 2023-24.
The Department of Administrative and Financial Services will require
ongoing General Fund appropriations beginning in fiscal year 2023-24. |
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