|
|
|
|
|
|
|
|
130th MAINE LEGISLATURE |
|
|
LD 576 |
|
LR 1224(01) |
|
|
|
An Act To
Increase Property Tax Relief for Veterans |
|
Preliminary
Fiscal Impact Statement for Original Bill |
|
Sponsor: Pres. Jackson of Aroostook |
|
Committee: Taxation |
|
Fiscal Note Required: Yes |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preliminary
Fiscal Impact Statement |
|
|
|
|
|
|
|
|
|
|
FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
|
|
|
|
|
|
General Fund |
|
$0 |
$0 |
$3,115,000 |
$3,070,000 |
|
|
|
|
|
|
|
| Appropriations/Allocations |
|
|
|
|
|
|
General Fund |
|
$0 |
$0 |
$3,115,000 |
$3,070,000 |
|
|
|
|
|
|
|
| Fiscal Detail
and Notes |
|
|
|
|
|
|
The Department of
Administrative and Financial Services will require a General Fund
appropriation of $3,115,000 in fiscal year 2023-24 to expand the veterans
property tax exemption and to increase the reimbursement to municipalities to
100%. |
|
|
|
|
|
|
|