LD 37 LR 211(02)
An Act to Amend the Laws Governing Property Tax Stabilization for Senior Citizens to Eliminate the Requirement for an Annual Application
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
FY 2023-24 FY 2024-25 Projections  FY 2025-26 Projections  FY 2026-27
Net Cost (Savings)
General Fund $0 $200,000 $300,000 $400,000
General Fund $0 $200,000 $300,000 $400,000
Fiscal Detail and Notes
This bill includes ongoing General Fund appropriations of $200,000 to the Department of Administrative and Financial Services beginning in fiscal year 2024-2025 for reimbursement to municipalities for reduced property tax revenue associated with eliminating the annual application requirement to maintain eligibility for property tax stabilization.