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Fiscal Note

SB0063s2 - Residential Property Tax Exemption - Secondary Residences

State Impact:
Passage of this bill could result in a loss to the General Fund of $3,500,000 annually.

Funding Source FY 02
Approp.		 FY 03
Approp.		 FY 02
Revenue		 FY 03
Revenue
General Fund $0 $0 ($3,500,000) ($3,500,000)
TOTAL

$0

$0

($3,500,000)

($3,500,000)

Individual and Business Impact:
Passage of this bill will decrease taxes owed by secondary residence owners.

Office of the Legislative Fiscal Analyst
2/21/2001 3:14:32 PM

Last Revised: 30 August, 2000

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