121st Maine Legislature
		Office of Fiscal and Program Review
		LD 559
		An Act To Increase the Value of a Parsonage That is Exempt from the Property Tax
		LR0532(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Hutton of Bowdoinham
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings):
	General Fund		$1,500	$520,000	$530,000	$540,000
Appropriations/Allocations
	General Fund		$1,500	$520,000	$530,000	$540,000
State Mandate
	New or Expanded Activity			Unit Affected	Costs
	This bill would require assessing officials to annually review and modify parsonage exemptions.			Municipality	Significant
Fiscal Detail and Notes
	Increasing the property tax exemption for parsonages will require a General Fund appropriation of $520,000 in fiscal year 2004-05 to reimburse municipalities for 50% of the revenue loss.  Maine Revenue Services will also require a General Fund appropriation of $1,500 in fiscal year 2003-04 for one-time administrative expenses.