LD264 is a bill in the Maine Legislature (132nd Legislature): An Act to Remove the 12-month Waiting Period for the Maine Resident Homestead Property Tax Exemption.

What is the status of LD264?

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).

Allison Hepler (D, 49), with 4 co-sponsors.

Where is the official record for LD264?

On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=264&snum=132

Maine legislation · 132nd Legislature

Maine LD264: An Act to Remove the 12-month Waiting Period for the Maine Resident Homestead Property Tax Exemption

Q: What does LD264 do?

In its own words: An Act to Remove the 12-month Waiting Period for the Maine Resident Homestead Property Tax Exemption" Amend the bill by striking out the title and substituting the following: 'An Act to Waive the 12-month Waiting Period for the Maine Resident Homestead Property Tax Exemption for Certain Heirs of Property for Which an Exemption Was Established' Amend the bill by striking out everything after the enacting clause and inserting the following: '.

Status: Failed, April 29, 2026

What the bill says

An Act to Remove the 12-month Waiting Period for the Maine Resident Homestead Property Tax Exemption" Amend the bill by striking out the title and substituting the following: 'An Act to Waive the 12-month Waiting Period for the Maine Resident Homestead Property Tax Exemption for Certain Heirs of Property for Which an Exemption Was Established' Amend the bill by striking out everything after the enacting clause and inserting the following: '.

From the engrossed text:

An Act to Remove the 12-month Waiting Period for the Maine Resident Homestead Property Tax Exemption" Amend the bill by striking out the title and substituting the following: 'An Act to Waive the 12-month Waiting Period for the Maine Resident Homestead Property Tax Exemption for Certain Heirs of Property for Which an Exemption Was Established' Amend the bill by striking out everything after the enacting clause and inserting the following: 'Sec. 1. 36 MRSA §683, sub-§1, as amended by PL 2017, c. 478, §1, is further amended to read: 1. Exemption amount. Except for assessments for special benefits, the just value of $10,000 of the homestead of a permanent resident of this State who has owned a homestead in this State for the preceding 12 months is exempt from taxation. Notwithstanding this subsection, a permanent resident of this State who loses ownership of a homestead in this State due to a tax lien foreclosure and subsequently regains ownership of the homestead from the municipality that foreclosed on the tax lien is deemed to have continuously owned the homestead and may not be determined ineligible for the exemption provided in this section due to the ownership of the homestead by the municipality. In determining the local assessed value of the exemption, the assessor shall multiply the amount of the exemption by …

Read the full official text

Maine LD264: An Act to Remove the 12-month Waiting Period for the Maine Resident Homestead Property Tax Exemption

What the bill says

Sponsors

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Common questions