130th MAINE LEGISLATURE
		LD 1638		LR 201(02)
	An Act To Help Seniors and Certain Persons with Disabilities Remain in Their Homes by Providing for the Deferral of Property Taxes
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	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		$155,630	$98,111	$111,866	$103,709
Appropriations/Allocations
	General Fund		$155,630	$98,111	$111,866	$103,709
	Other Special Revenue Funds		$0	$1,155,000	$1,785,000	$2,415,000
Transfers
	Other Special Revenue Funds		$0	$0	$0	$0
Fiscal Detail and Notes
	This bill creates a process for deferring property taxes for eligible seniors and persons with disabilities and includes an Other Special Revenue Funds allocation of $1,155,000 in fiscal year 2022-23 to the Department of Administrative and Financial Services to reimburse municipalities for deferred property taxes.  The bill also includes a transfer from the Property Tax Relief Fund for Maine Residents to cover the cost of the reimbursement.  If enough funds do not exist in that fund, additional funds will be transferred from the Housing Opportunities for Maine Fund.
	The bill also includes a General Fund appropriation of $155,630 in fiscal year 2021-22 and $98,111 in fiscal year 2022-23 to the Department of Administrative and Financial Services for one Property Appraiser position, computer programming costs and other related costs to review, approve and audit applications.  Additionally, the Department of Administrative and Financial Services will require a one-time General Fund appropriation of $11,000 in fiscal year 2023-24 for computer programming costs to add a line to the individual income tax return.