| 122nd MAINE LEGISLATURE | |||||||||
| LD 74 | LR 0047(01) | ||||||||
| An Act To Increase the Property Tax Exemption for Veterans | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Davis of Falmouth | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $3,000,000 | $3,060,000 | $3,121,200 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $3,000,000 | $3,060,000 | $3,121,200 | |||||
| Fiscal Detail and Notes | |||||||||
| Maine Revenue Services will require a General Fund appropriation of $3,000,000 in fiscal year 2006-07 to reimburse municipalities for 50% of the property tax revenue loss due to the increase in the property tax exemption for certain veterans. | |||||||||