LD140 is a bill in the Maine Legislature (132nd Legislature): An Act to Incrementally Increase the Homestead Property Tax Exemption.

What is the status of LD140?

Failed as of April 29, 2026. Latest action: Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD) (April 29, 2026).

Joseph Baldacci (D, 9), with 3 co-sponsors.

Where is the official record for LD140?

On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=140&snum=132

Maine legislation · 132nd Legislature

Maine LD140: An Act to Incrementally Increase the Homestead Property Tax Exemption

Q: What does LD140 do?

In its own words: An Act to Incrementally Increase the Homestead Property Tax Exemption" Amend the bill in section 1 in subsection 1-B by striking out all of paragraph C (page 1, lines 11 to 13 in L.D.) and inserting the following: 'C. For property tax years beginning on or after April 1, 2020, $15,000 of the just value of the homestead; and' Amend the bill in section 1 in subsection 1-B in paragraph D in the first line (page 1, line 14 in L.D.) by striking out the following: "$10,000" and inserting the following: '$5,000' Amend the bill in section 1 in subsection 1-B in paragraph D in the last line (page 1, li.

Status: Failed, April 29, 2026

What the bill says

An Act to Incrementally Increase the Homestead Property Tax Exemption" Amend the bill in section 1 in subsection 1-B by striking out all of paragraph C (page 1, lines 11 to 13 in L.D.) and inserting the following: 'C. For property tax years beginning on or after April 1, 2020, $15,000 of the just value of the homestead; and' Amend the bill in section 1 in subsection 1-B in paragraph D in the first line (page 1, line 14 in L.D.) by striking out the following: "$10,000" and inserting the following: '$5,000' Amend the bill in section 1 in subsection 1-B in paragraph D in the last line (page 1, li.

From the introduced text:

An Act to Incrementally Increase the Homestead Property Tax Exemption" Amend the bill in section 1 in subsection 1-B by striking out all of paragraph C (page 1, lines 11 to 13 in L.D.) and inserting the following: 'C. For property tax years beginning on or after April 1, 2020, $15,000 of the just value of the homestead; and' Amend the bill in section 1 in subsection 1-B in paragraph D in the first line (page 1, line 14 in L.D.) by striking out the following: "$10,000" and inserting the following: '$5,000' Amend the bill in section 1 in subsection 1-B in paragraph D in the last line (page 1, line 16 in L.D.) by striking out the following: "$85,000" and inserting the following: '$50,000' Amend the bill in section 1 in subsection 1-B in the first blocked paragraph in the last line (page 1, line 22 in L.D.) by striking out the following: "2032" and inserting the following: '2031' Amend the bill by inserting after section 1 the following: 'Sec. 2. Appropriations and allocations. The following appropriations and allocations are made. ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF Revenue Services, Bureau of 0002 Initiative: Provides one-time funding for computer programming costs. GENERAL FUND 2025-26 2026-27 All Other $47,640 $0 __________ __________ GENERAL FUND TOTAL $47,640 $0 3340 Revenue Services, Bureau …

Read the full official text

Maine LD140: An Act to Incrementally Increase the Homestead Property Tax Exemption

What the bill says

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