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ME LD1448

ME LD1448
An Act To Increase the Homestead Property Tax Exemption


summary

Introduced
04/08/2021
In Committee
04/08/2021
Crossed Over
06/03/2021
Passed
06/07/2021
Dead
05/09/2022

Introduced Session

130th Legislature

Bill Summary

This bill increases the state reimbursement for the property tax revenue lost by a municipality due to the Maine resident homestead property tax exemption to 100% beginning with property tax years beginning on or after April 1, 2022. This bill also specifies that the property tax assessed on a homestead eligible for the homestead exemption may not be less than $100.

AI Summary

This bill increases the state reimbursement for the property tax revenue lost by a municipality due to the Maine resident homestead property tax exemption to 100% beginning with property tax years starting on or after April 1, 2022. Additionally, the bill specifies that the property tax assessed on a homestead eligible for the homestead exemption may not be less than $100.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

In possession of the Senate when the Legislature adjourned Sine Die and was placed in the Legislative Files. (DEAD) (on 05/09/2022)

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