130th MAINE LEGISLATURE
LD 1986 LR 2544(03)
An Act To Provide Property Tax Relief for Permanently and Totally Disabled Veterans
Fiscal Note for Bill as Engrossed with:
C "A" (H-964)
Committee: Taxation
             
Fiscal Note
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $0 $22,000 $228,000 $228,000
Appropriations/Allocations
General Fund $0 $22,000 $0 $0
Revenue
General Fund $0 $0 ($228,000) ($228,000)
Other Special Revenue Funds $0 $0 ($12,000) ($12,000)
Fiscal Detail and Notes
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.