132nd MAINE LEGISLATURE
		LD 1665		LR 1107(02)
	An Act to Provide Property Tax Relief to Maine Families
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund		$12,131,500	$12,673,000	$12,939,000	$13,594,500
Revenue
	General Fund		($12,131,500)	($12,673,000)	($12,939,000)	($13,594,500)
	Other Special Revenue Funds		($638,500)	($667,000)	($681,000)	($715,500)
Fiscal Detail and Notes
	This bill would result in a revenue decrease to the General Fund of $12,131,500 in fiscal year 2025-26 and $12,673,000 in fiscal year 2026-27 by increasing the benefit base for the property tax fairness credit for tax years beginning on or after January 1, 2025. The bill would also result in a revenue decrease to the Local Government Fund of $638,500 in fiscal year 2025-26 and $667,000 in fiscal year 2026-27.