Maine LD229: An Act to Bring Fairness in Income Taxes to Maine Families by Adjusting the Tax Brackets and Tax Rates

What the bill says

An Act to Bring Fairness in Income Taxes to Maine Families by Adjusting the Tax Brackets and Tax Rates" Amend the bill by striking out the title and substituting the following: 'An Act to Bring Fairness in Income Taxes to Maine Families by Adjusting the Tax Brackets and Tax Rates and Bring Tax Relief to Maine Families by Changing Certain Tax Laws' Amend the bill by striking out everything after the enacting clause and inserting the following: '.

From the engrossed text:

An Act to Bring Fairness in Income Taxes to Maine Families by Adjusting the Tax Brackets and Tax Rates" Amend the bill by striking out the title and substituting the following: 'An Act to Bring Fairness in Income Taxes to Maine Families by Adjusting the Tax Brackets and Tax Rates and Bring Tax Relief to Maine Families by Changing Certain Tax Laws' Amend the bill by striking out everything after the enacting clause and inserting the following: 'Sec. 1. 36 MRSA §683, sub-§1-B, as amended by PL 2019, c. 343, Pt. H, §2, is further amended to read: 1-B. Additional exemption. A homestead eligible for an exemption under subsection 1 is eligible for an additional exemption of $5,000 of the just value of the homestead for property tax years beginning on April 1, 2016, $10,000 of the just value of the homestead for property tax years beginning on April 1, 2017, April 1, 2018 and April 1, 2019 and, $15,000 of the just value of the homestead for property tax years beginning on or after April 1, 2020 and each April 1st to April 1, 2026 and $22,000 of the just value of the homestead for property tax years beginning on or after April 1, 2027. Sec. 2. 36 MRSA §1760, sub-§9-B, as amended by PL 2021, c. 713, §§1 …

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Sponsors

• Ann Matlack (D, 43) · primary sponsor
• Anne Graham (D, 105)
• Lori Gramlich (D, 131)