LD 1751 LR 2258(03)
An Act To Provide Property Tax Relief to Maine Residents
Fiscal Note for Bill as Engrossed with:
C "A" (H-785)
Committee: Taxation
Fiscal Note
FY 2013-14 FY 2014-15 Projections  FY 2015-16 Projections  FY 2016-17
Net Cost (Savings)
General Fund $0 ($326,600) ($123,876) $211,896
General Fund $0 $124,650 $0 $0
General Fund $0 $451,250 $123,876 ($211,896)
Other Special Revenue Funds $0 $23,750 $6,520 ($11,152)
Fiscal Detail and Notes
This bill makes various changes to the property tax fairness credit and would result in an increase in General Fund and Local Government Fund revenue of $451,250 and 23,750, respectively, in fiscal year 2014-15.  The bill includes a General Fund appropriation to the Department of Administrative and Financial Services of $124,650 in fiscal year 2014-15 for administrative costs associated with these changes.