LD 405 LR 1714(01)
An Act To Clarify Charitable Status for Property Tax Exemption
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Tilton of Harrington
Committee: Taxation
Fiscal Note Required: No
Preliminary Fiscal Impact Statement
Minor cost increase - General Fund
Fiscal Detail and Notes
Providing more precise standards for determining which benevolent and charitable institutions qualify for property tax exemptions may entail minor administrative costs to Maine Revenue Services associated with implementation of the new standards that can be absorbed within existing budgeted resources.