An Act To Expand the Value of the Homestead Exemption to $25,000 and State Reimbursement to Percent of Lost Property Tax Revenue
Maine Legislature, Session 129, LD 1234
Committee Amendment CA_A_H482 (House)

COMMITTEE AMENDMENT "A " to H.P. 895, L.D. 1234, Bill, "An Act To 
Expand the Value of the Homestead Exemption to $25,000 and State Reimbursement to 
Percent of Lost Property Tax Revenue" 
Amend the bill by striking out the title and substituting the following: 
'An Act To Expand the Value of the Homestead Exemption to $25,000 and State 
Reimbursement to 70 Percent of Lost Property Tax Revenue' 
Amend the bill in section 2 in subsection 3 in the 3rd from last line (page 1, line 18 in 
L.D.) by striking out the following: "100%" and inserting the following: '70%' 
Amend the bill in section 2 in subsection 4 in the 4th from last line (page 1, line 27 in 
L.D.) by striking out the following: "100%" and inserting the following: '70%' 
Amend the bill by striking out all of section 3. 
Amend the bill in section 4 in subsection 2 in paragraph C in the first line (page 2, 
line 6 in L.D.) by striking out the following: "100%" and inserting the following: '70%'' 
Amend the bill by inserting after section 4 the following: 
'Sec. 5. Appropriations and allocations. The following appropriations and 
allocations are made. 
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF 
Homestead Property Tax Exemption Reimbursement 0886 
Initiative: Provides funding to increase the homestead property tax exemption from 
$20,000 to $25,000 and to increase the reimbursement to municipalities from 62.5% to 
70%. 
COMMITTEE AMENDMENT 
COMMITTEEAMENDMENT"A "to H.P. 895,L.D.1234 
GENERAL FUND 
All Other 
GENERAL FUND TOTAL 
2019-20 
$0 
$0 
2020-21 
$20,580,000 
$20,580,000 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or 
section number to read consecutively. 
SUMMARY 
This amendment, which is the majority report of the committee, changes to 70% the 
percentage of state reimbursement of lost property tax revenue due to the increase in the 
homestead exemption in the bill. It also removes from the bill the provision that the tax 
assessed on a homestead eligible for the homestead exemption may not be less than $100. 
The amendment also adds an appropriations and allocations section. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 05/23/19 feac:.. 
LD 1234 
LR 668(02) 
An Act To Expand the Value of the Homestead Exemption to $25,000 and State Reimbursement to 100 
Percent of Lost Property Tax Revenue 
Fiscal Note for Bill as Amended by Committee Amendment ft, ( N-Y Kl) 
Committee: Taxation 
Net Cost (Savings) 
General Fund 
Appropriations/ Allocations 
General Fund 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2019-20 
FY 2020-21 
$0 
$20,580,000 
$0 
$20,580,000 
Projections 
FY 2021-22 
$27,590,000 
$27,590,000 
Projections 
FY2022-23 
$27,780,000 
$27,780,000 
The bill includes a General Fund appropriation to the Department of Administrative and Financial Services of 
$20,580,000 in fiscal year 2020-21 to increase the homestead property tax exemption from $20,000 to $25,000 and to 
increase the reimbursement to municipalities from 62.5% to 70%. 
LR0668(02) - Fiscal Note - Page 1 of 1