LD 1103 LR 1218(02)
An Act To Encourage Development in the Logging Industry
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Labor, Commerce, Research and Economic Development
Fiscal Note Required: Yes
Fiscal Note
State Mandate - Unfunded
Potential current biennium savings - General Fund
State Mandates
Required Activity Unit Affected Local Cost
A municipality will be required to suspend property from the Maine Tree Growth Tax Law and make the necessary administrative adjustments to its tax records if a property owner or harvester employed by or under contract to the property owner uses bonded labor or fails to provide certain notification. Municipality Insignificant statewide
The required local activities in this bill may represent a State mandate pursuant to the Constitution of Maine.  Unless General Fund appropriations are provided to fund at least 90% of the additional costs or a Mandate Preamble is amended to the bill and two-thirds of the members of each House vote to exempt this mandate from the funding requirement, municipalities may not be required to implement these changes.
Fiscal Detail and Notes
Any property suspended from the Maine Tree Growth Tax Law would reduce the amount of reimbursement the State pays to municipalities for property that is enrolled in the program.
Additional costs to the Department of Agriculture, Conservation and Forestry associated with the provisions of this legislation can be absorbed within existing budgeted resources.