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130th MAINE LEGISLATURE |
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LD 1986 |
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LR 2544(02) |
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An Act To Exempt
Permanently Disabled Veterans from Payment of Property Tax |
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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 |
$22,000 |
$228,000 |
$228,000 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$22,000 |
$0 |
$0 |
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| Revenue |
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General Fund |
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$0 |
$0 |
($228,000) |
($228,000) |
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Other Special Revenue Funds |
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$0 |
$0 |
($12,000) |
($12,000) |
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| Fiscal Detail
and Notes |
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This bill provides
an additional property tax fairness credit for 100% permanently and totally
disabled veterans and will reduce General Fund revenue by $228,000 and reduce
Local Government Fund revenue by $12,000 beginning in fiscal year 2023-24.
The bill includes a one-time General Fund appropriation of $22,000 in fiscal
year 2022-23 to the Department of Administrative and Financial Services for
computer programming changes to add lines to the individual income tax
return. |
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