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127th MAINE LEGISLATURE |
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LD 365 |
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LR 1218(02) |
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An Act To Provide
a Tax Reduction for Modifications To Make a Home More Accessible for a Person
with a Disability |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2015-16 |
FY 2016-17 |
Projections FY 2017-18 |
Projections FY 2018-19 |
| Net Cost
(Savings) |
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General Fund |
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$50,000 |
$143,250 |
$171,125 |
$185,375 |
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| Appropriations/Allocations |
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General Fund |
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$50,000 |
$72,000 |
$50,000 |
$50,000 |
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| Revenue |
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General Fund |
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$0 |
($71,250) |
($121,125) |
($135,375) |
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Other Special Revenue Funds |
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$0 |
($3,750) |
($6,375) |
($7,125) |
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| Fiscal Detail
and Notes |
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This legislation
creates a tax credit for expenses incurred for certain home modifications to
make a homestead accessible to an individual with a disability or physical
hardship and would result in a reduction in General Fund revenue of $71,250
in fiscal year 2016-17 and a reduction in Local Government Fund revenue of
$3,750 in fiscal year 2016-17. The
bill includes a one-time General Fund appropriation to the Department of
Administrative and Financial Services of $22,000 in fiscal year 2016-17 for
computer programming charges. |
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This bill also
includes General Fund appropriations of $50,000 per year beginning in fiscal
year 2015-16 to a newly created Home Modification Certification program
within the Maine State Housing Authority for the cost of making the required
certification. |
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