Bill
Bill > LD909
summary
Introduced
03/05/2025
03/05/2025
In Committee
03/05/2025
03/05/2025
Crossed Over
Passed
Dead
04/01/2025
04/01/2025
Introduced Session
132nd Legislature
Bill Summary
This bill changes the property tax benefits for veterans of the Armed Forces of the United States for property tax years beginning on or after April 1, 2026. The bill provides that veterans are no longer required to have served during a federally recognized war period and receive an exemption of up to $5,000 of the just value of the property. It provides that veterans who are 62 years of age or older receive an exemption of up to $6,000 of the just value of the property. It also provides that veterans receive an exemption of between $10,000 and $50,000 based on their United States Department of Veterans Affairs service- connected disability rating. The bill provides that a veteran's unremarried surviving spouse, minor child or parent remains eligible for the benefit that the veteran would be eligible for if the veteran was living.
AI Summary
This bill expands property tax relief for veterans and their surviving family members by modifying existing tax exemption rules, effective for property tax years starting April 1, 2026. The bill eliminates previous requirements that veterans must have served during a federally recognized war period and introduces a new tiered property tax exemption system based on a veteran's service-connected disability rating. Veterans will now receive an exemption of up to $5,000 on their property's value, with veterans aged 62 or older receiving up to $6,000. Additionally, the bill provides graduated exemptions ranging from $10,000 to $50,000 depending on the veteran's disability rating, with 100% disabled veterans receiving the maximum $50,000 exemption. The bill also broadens the definition of "veteran" to include unremarried surviving spouses, minor children, and parents of deceased veterans, allowing these family members to claim the same property tax exemption the veteran would have been eligible for. These changes aim to provide more comprehensive and flexible tax relief for veterans and their families, removing previous service period restrictions and creating a more inclusive approach to recognizing military service.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Ought Not to Pass Pursuant To Joint Rule 310, Apr 1, 2025 (on 04/01/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.maine.gov/legis/bills/display_ps.asp?LD=909&snum=132 |
| BillText | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0398&item=1&snum=132 |
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