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130th MAINE LEGISLATURE |
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LD 1482 |
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LR 1310(02) |
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An Act To Improve
Access to Property Tax Exemptions for New Homeowners |
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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 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$1,470,000 |
$1,985,000 |
$2,025,000 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$1,470,000 |
$1,985,000 |
$2,025,000 |
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| Fiscal Detail
and Notes |
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The bill includes
a General Fund appropriation of $1,470,000 in fiscal year 2022-23 to the
Department of Administrative and Financial Services to remove the requirement
that a person own a homestead for 12 months before being eligible for the
homestead property tax exemption. |
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