An Act To Repeal the Taxation of Certain Individually Owned Personal Property Valued at $1,000 or More Further amend the resolution by striking out everything after the title and before the summary and inserting in its place the following: , Be it enacted by the People of the State of Maine as follows: Sec. 1. 36 MRSA §655, sub-§l, F, as amended by PL 1997, c. 24, Pt. U, §1, is further amended to read: P. All items of individually owned personal property wi~a-a ~~s~-ya~~e-e~-~ess-~aaB-$lTQQQT except: (1) Items used for industrial or commercial purposes; and Page 1-LR0143(2) COMMITTEE AMENDMENT
Maine Legislature, Session 122, LD 0056
Committee Amendment CA_A_H297 (House)
Amends: 36 MRSA §655

of the Clerk of 
COMMITTEE AMENDMENT "A" to H.P. 52, L.D. 56, "RESOLUTION, 
Proposing an Amendment to the Constitution of Maine To Facilitate 
the Repeal of the Taxation of Personal Property Valued at $1,000 
or More" 
Amend 
the 
resolution 
by 
striking 
out 
the 
title 
and 
substituting the following: 
'An Act To Repeal the Taxation of Certain Individually Owned 
Personal Property Valued at $1,000 or More' 
Further 
amend the 
resolution by striking out everything 
after the title and before the summary and inserting in its place 
the following: 
, Be it enacted by the People of the State of Maine as follows: 
Sec. 1. 36 MRSA §655, sub-§l, F, as amended by PL 1997, c. 24, 
Pt. U, §1, is further amended to read: 
P. 
All items of individually owned personal property wi~a-a 
~~s~-ya~~e-e~-~ess-~aaB-$lTQQQT except: 
(1) 
Items used for industrial or commercial purposes; 
and 
COMMITTEE AMENDMENT 
I • 
COMMITTEE AMENDMENT 11ft. to H.P. 52, L.D. 56 
(2) 
Vehicles and camp trailers as defined in section 
1481 not subject to an excise tax; and 
Sec. 
2. 
Appropriations 
and 
allocations. 
The 
following 
appropriations and allocations are made. 
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF 
Personal Property Tax Reimbursement 
(new) 
Ini tiati ve: 
Provides funds to reimburse municipalities for 50°-0 
of the property tax revenue lost as a result of the exemption for 
individually owned personal property. 
GENERAL FUND 
All Other 
GENERAL FUND TOTAL 
Maine Revenue Services 
0002 
2005-06 
$0 
$0 
2006-07 
$6,101, 000 
$6,101, 000 
Initiative: 
Provides 
funds 
associated 
with 
the 
change 
property, including funds for 
position. 
for 
the 
administrative 
costs 
in 
the 
exemption 
for 
personal 
one part-time Property Appraiser 
GENERAL FUND 
POSITIONS -
LEGISLATIVE COUNT 
Personal Services 
All Other 
GENERAL FUND TOTAL 
ADMINISTRATIVE AND FINANCIAL SERVICES, 
DEPARTMENT OF 
DEPARDIEI!IT TOrALS 
GENERAL FUND 
DEPARDIEI!IT TO'l'AL -
ALL FUNDS 
SUMMARY 
2005-06 
2006-07 
0.000 
0.500 
$0 
$33,736 
$0 
$2,500 
$0 
$36,236 
2005-06 
2006-07 
$0 
$6,137,236 
$0 
$6,137,236' 
This 
amendment 
replaces 
the 
resolution 
and 
extends 
the 
property tax exemption for certain individually owned items of 
COMMITTEE AMENDMENT 
· ". 
"' 
.~ 
COMMITTEE AMENDMENT .. A 
.. to H.P. 52, L.D. 56 
personal property to include items with a just value of $1,000 or 
more. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 05/05/05 ;'k?ac 
LD56 
LR 0143(02) 
RESOLUTION, Proposing an Amendment to the Constitution of Maine To Facilitate the Repeal of the 
Taxation of Personal Property Valued at $1,000 or More 
Fiscal Note for Bill as Amended by Committee Amendment 'ftr 
Net Cost (Savings) 
General Fund 
Appropriations/Allocations 
General Fund 
State Mandate 
New or Expanded Activity 
Committee: Taxation 
Fiscal Note Required: Yes 
Fiscal Note 
Current Cost - State Mandate 
2005-06 
2006-07 
$0 
$6,137,236 
$0 
$6,137,236 
Projections 
2007-08 
$6,444,360 
$6,444,360 
Unit Affected 
Costs 
Administrative activities and expenses associated with extending 
the personal property tax exemption 
Municipality 
Insignificant 
Fiscal Detail and Notes 
Projections 
2008-09 
$6,766,5 
$6,766,502 
This bill includes General Fund appropriations totalling $6,137,236 in fiscal year 2006-07 to reimburse municipalities 
for 50% of the property tax revenue lost due to the expanded exemption for personal property and to support the 
related administrative costs. 
LR0143(2) - Fiscal Note - Page 1 of 1