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132nd MAINE LEGISLATURE |
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LD 2244 |
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LR 3087(03) |
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An Act to
Implement Certain Preliminary Recommendations of the Real Estate Property Tax
Relief Task Force and to Make Other Changes to Tax Law |
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Fiscal Note for
Senate Amendment " " to Original Bill |
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Sponsor: Sen. Rotundo of Androscoggin |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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 |
($11,400,000) |
($11,628,000) |
($11,645,000) |
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| Revenue |
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General Fund |
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$0 |
$11,400,000 |
$11,628,000 |
$11,645,000 |
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Other Special Revenue Funds |
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$0 |
$600,000 |
$612,000 |
$645,000 |
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| Fiscal Detail
and Notes |
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The amendment
eliminates the reduction in General Fund revenue by removing the bill's
proposed increase in the maximum property tax fairness credit to $1,500 for
taxpayers under 65 for tax years beginning on or after 1/1/2026. The
amendment retains the bill's Legislative Study/Cost. |
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