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131st MAINE LEGISLATURE |
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LD 1153 |
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LR 1513(02) |
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An Act to Allow
Municipalities to Tax Personal Solar Energy Equipment Under 5 Megawatts |
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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 |
$0 |
$0 |
($200,000) |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$0 |
$0 |
($200,000) |
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| Fiscal Detail
and Notes |
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This bill changes
eligiblity requirements for the property tax exemption for renewable energy
equipment for property tax years beginning on or after April 1, 2025. These
changes are expected to reduce eligibility for the exemption. Beginning in
fiscal year 2026-27, there will be a reduction in the General Fund
appropriations required for state reimbursement to municipalities for revenue
loss from the property tax exemption. |
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