126th MAINE LEGISLATURE
		LD 1164		LR 1628(02)
	An Act To Allow Cooperative Housing Owners Who Are Blind To Qualify for the Property Tax Exemption
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
State Mandate - Exempted
			FY 2013-14	FY 2014-15	Projections  FY 2015-16	Projections  FY 2016-17
Net Cost (Savings)
	General Fund		$160	$160	$160	$160
Appropriations/Allocations
	General Fund		$160	$160	$160	$160
State Mandates
	Required Activity				Unit Affected	Local Cost
	Municipalities will be required to administer a new property tax exemption of the first $4,000 of just value on the prorated value of the cooperative housing occupied by a person who is legally blind.  Required activities would include reviewing and determining persons eligible for the property tax exemption and subsequently updating tax records as well as associated administrative duties.				Municipality	Insignificant statewide
	Pursuant to the Mandate Preamble, the two-thirds vote of all members elected to each House exempts the state from the constitutional requirement to fund 90% of the additional costs.
Fiscal Detail and Notes
	Pursuant to Article IV, Part Third, Section 23 of the Maine Constitution the state is required to annually reimburse municipalities for 50% of property tax revenue lost by municipalities for state imposed property tax exemptions or credits.  This bill includes an annual General Fund appropriation of $160 to cover this reimbursement.