LD 1521 LR 729(02)
An Act To Amend the Property Tax Laws
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
Current biennium revenue increase - Municipalities
Fiscal Detail and Notes
Removing the property tax exemption status of land trust organizations and allowing the assessment of service charges against certain nonprofits would increase revenue to municipalities.  Reducing the rate of excise tax for the first two years while increasing the rate for the last four years would result in revenue increases or decreases to municipalities by year depending on the age of motor vehicles in the municipality.