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132nd MAINE LEGISLATURE |
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LD 888 |
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LR 523(01) |
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An Act to Expand
Property Tax Relief for Veterans and Survivors of Veterans |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Hymes of Waldo |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$0 |
$3,962,000 |
$4,041,000 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$0 |
$3,962,000 |
$4,041,000 |
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| Fiscal Detail
and Notes |
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The Bureau of
Revenue Services within the Department of Administrative and Financial
Services will require General Fund appropriations of $3,962,000 in fiscal
year 2027-2028 and $4,041,000 in fiscal year 2028-29 to fund the expansion of
property tax exemptions for veterans and survivors of veterans for property
tax years beginning on or after April 1, 2026. |
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