LD 1392 LR 346(02)
An Act To Promote Economic Development and Reduce Reliance on Automobiles through Transit-oriented Tax Increment Financing Districts
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
Minor cost increase - General Fund
Fiscal Detail and Notes
This bill establishes a new category of transit-oriented development districts under the tax increment financing laws. Additional costs to the Department of Economic and Community Development and Maine Revenue Services associated with conducting the required review and other administrative duties can be absorbed within existing budgeted resources.