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
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%.