| 122nd MAINE LEGISLATURE | |||||||||
| LD 791 | LR 1944(04) | ||||||||
| An Act Concerning the Taxation of Buildings in Which Nonprofit Organizations Are Housed | |||||||||
| Fiscal Note for Senate Amendment " " to Committee Amendment "A" | |||||||||
| Sponsor: Sen. Rotundo | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | ($318,750) | $0 | $0 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | ($318,750) | $0 | $0 | |||||
| Exempted State Mandate | |||||||||
| State Mandate | |||||||||
| New or Expanded Activity | Unit Affected | Costs | |||||||
| Administrative costs associated with a property tax exemption for certain veterans' organizations. Pursuant to the Mandate Preamble, the two-thirds vote of all members elected to each House exempts the State from the Constitutional requirement to fund 90% of the additional local costs. | Municipality | Insignificant | |||||||
| Fiscal Detail and Notes | |||||||||
| This amendment adds a mandate preamble and eliminates the General Fund appropriation of $318,750 in fiscal year 2006-07 which is no longer necessary because of a later effective date. As amended, the bill still has a cost of $334,688 in fiscal year 2007-08 and $351,422 in fiscal year 2008-09. | |||||||||