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ME LD1986

ME LD1986
An Act To Provide Property Tax Relief for Permanently and Totally Disabled Veterans


summary

Introduced
02/16/2022
In Committee
02/16/2022
Crossed Over
04/11/2022
Passed
04/12/2022
Dead
Signed/Enacted/Adopted
04/25/2022

Introduced Session

130th Legislature

Bill Summary

Current law provides an exemption from property taxes in an amount up to $6,000 of the just value of the property to veterans of the Armed Forces of the United States who are disabled by injury or disease during active military service. This bill provides a property tax exemption up to 100% of the just value to a veteran who is totally and permanently disabled.

AI Summary

This bill provides a property tax exemption of up to 100% of the just value to a veteran who is totally and permanently disabled. The current law provides an exemption of up to $6,000 of the just value of the property to veterans who are disabled during active military service. The bill also includes an appropriation and allocation of $22,000 in General Fund for the 2022-23 fiscal year to cover the cost of computer programming changes to the individual income tax return to add the new tax credit.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

Subsequently PASSED TO BE ENACTED in concurrence (on 04/25/2022)

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