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131st MAINE LEGISLATURE |
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LD 529 |
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LR 748(02) |
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An Act to Remove
the Annual Filing Requirement in the Property Tax Stabilization Laws |
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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 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$200,000 |
$300,000 |
$400,000 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$200,000 |
$300,000 |
$400,000 |
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| Fiscal Detail
and Notes |
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This bill
includes ongoing General Fund appropriations of $200,000 beginning in fiscal
year 2024-2025 to the Department of Administrative and Financial Services for
reimbursement to municipalities for reduced property tax revenue associated
with eliminating the annual application requirement to maintain eligibility
for property tax stabilization. |
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