An Act To Cut Taxes on Maine Residents by over $140,000,000
Maine Legislature, Session 123, LD 1925
Senate Amendment SA_E_S333 (Senate)

SENATE AMENDMENT" €''' to H.P. l362, L.D. 1925, Bill, "An Act To Cut 
Taxes on Maine Residents by over $140,000,000" 
Amend the bill in Part B by striking out all of section 3. 
II 
Amend the bill in Part C by striking out all of section 15 and inserting the following: 
'Sec. C-15. Application. This Part applies to application periods for the Property 
l3 
Tax and Rent Refund Program beginning on or after August 1,2008.' 
Amend the bill in Part D by striking out all of section 8. 
IS 
Amend the bill in Part E by striking out all of section 59 and inserting the following: 
'Sec. E-59. Application. Those portions of this Part that affect the taxation of 
leases and rentals of tangible personal property apply to leases entered into, extended or 
renewed on or after January 1,2008. 
Sec. E-60. Effective date. Except as otherwise indicated, this Part takes effect 
January 1, 2008.' 
Amend the bill in Part F in section 7 in the first line (page 36, line 38 in L.D.) by 
striking out the following: "October 1, 2007" and inserting the following: 'January I, 
2008' 
Amend the bill by striking out all of Part L and inserting the following: 
'PARTL 
Sec. L-l. Statutory referendum procedure; submission at election; form 
of question; effective date. This Act must be submitted to the legal voters of the State 
at a statewide election held in the month of November following the passage of this Act. 
The municipal officers of this State shall notify the inhabitants of their respective cities, 
towns and plantations to meet, in the manner prescribed by law for holding a statewide 
election, to vote on the acceptance or rejection of this Act by voting on the following 
question: 
SENATE AMENDMENT 
{;~:J{%r" 
SENATE AMENDMENT "E" to H.P. 1362, L.D. 1925 
"Do you favor making various changes to Maine tax laws, including: 
1. Changing the income tax rates to a flat 6%; 
2. Creating a household credit; 
3. Changing the corporate income tax rate to a flat 8.93%; 
4. Increasing the homestead property tax deduction to $26,000; 
5. 
Increasing the benefits available under the so-called "circuit breaker" 
program; 
6. Establishing a process to permit persons 65 years of age or older to defer 
property taxes on their homesteads; 
7. Broadening the sales tax base to include certain services and repealing certain 
exemptions; 
8. Increasing the sales tax on prepared meals, lodging and rentals of automobiles 
for less than one year; 
9. Increasing the real estate transfer tax and changing the format to provide for a 
3-tiered tax based on the value of the property; 
10. Increasing the excise tax on wine and malt liquor, except for malt liquor 
produced by manufacturers of less than 100,000 barrels; 
11. Requiring 15% of the growth of sales and income tax to be transferred to the 
Tax Relief Fund for Maine Residents; and 
12. Prohibiting the foreclosure for failure to pay a tax lien on a home owned and 
occupied for at least 10 years by a person 65 years of age or older until that home 
is sold or transferred?" 
The legal voters of each city, town and plantation shall vote by ballot on this question 
and designate their choice by a cross or check mark placed within a corresponding square 
below the word "Yes" or "No." The ballots must be received, sorted, counted and 
declared in open ward, town and plantation meetings and returns made to the Secretary of 
State in the same manner as votes for members of the Legislature. The Governor shall 
review the returns. If a majority of the legal votes are cast in favor of this Act, the 
Governor shall proclaim the result without delay and this Act becomes effective 30 days 
after the date of the proclamation. 
The Secretary of State shall prepare and furnish to each city, town and plantation all 
ballots, returns and copies of this Act necessary to carry out the purposes of this 
referendum. ' 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or 
section number to read consecutively. 
SUMMARY 
This amendment requires the provisions of the bill to be sent to referendum in 
November 2007. This amendment also changes the effective dates for the sales tax and 
SENATE AMENDMENT 
SENATE AMENDMENT ''£"'' to H.P. 1362, L.D. 1925 
I 
the real estate transfer tax changes to January 1, 2008, following the referendum, and 
specifies the application date for the so-called "circuit breaker program." 
This amendment also removes all the appropriations and allocations sections from the 
bill due to the contingency of approval at referendum. 
FISCAL NOTE REQUIRED 
SPONSORED BY: (~~ 
(Senator HOBBINS) 
COUNTY: York 
SENATE AMENDMENT 
Approved: 06/15/07
LD 1925
LR 2657(13)
2007-08
2008-09
Projections 
2009-10
Projections 
2010-11
Net Cost (Savings)
General Fund
$368,018
$214,002
($21,193,643)
($26,553,672)
Appropriations/Allocations
General Fund
($1,095,164)
($33,203,556)
($33,430,184)
($34,039,339)
Other Special Revenue Funds
$0
($1,001,493)
($3,101,329)
($3,078,489)
Revenue
General Fund
($1,463,182)
($33,417,558)
($12,236,541)
($7,485,667)
Other Special Revenue Funds
$1,278,828
$57,295
($2,030,631)
($1,965,563)
Referendum Costs
Month/Year
Election Type
Question
Length
Nov-07
General
Referendum
Lengthy
Fiscal Detail and Notes
Fiscal Note Required: Yes
Fiscal Note
This amendment makes the General Fund impact of the bill contingent upon voter approval.  If approved by the 
voters, this amendment would delay the effective date by one year.
An Act To Cut Taxes on Maine Residents by over $140,000,000
Fiscal Note for Senate Amendment "     "
Sponsor: Sen. Hobbins of York
The Secretary of State's budget includes sufficient funds to accommodate one ballot of average length for the general 
election in November. If the number or size of the referendum questions increases the ballot length, an additional 
appropriation of $8,000 or more may be required.
LR2657(13) - Fiscal Note - Page 1 of 1