An Act To Change Maine's Tax Laws
Maine Legislature, Session 130, LD 0484
Committee Amendment CA_A_SA_A_S593 (Senate)
Amends: 36 MRSA §4641-B

SENATE AMENDMENT" A "to COMMITTEE AMENDMENT "A" to S.P. 190, 
L.D. 484, "An Act To Change Maine's Tax Laws" 
Amend the amendment by striking out the substitute title and replacing it with the 
following: 
'An Act Relating to the Housing Opportunities for Maine Fund' 
Amend the amendment by striking out all of sections 1 to 3 and inserting the following: 
'Sec. 1. 36 MRSA §4641-B, sub-§4-B, ~' as amended by PL 2017, c. 284, Pt. 
AAAAAAA, §1, is further amended to read: 
E. In fiscal year 2015-16 and each fiscal year thereafter, the Treasurer of State shall 
credit the revenues derived from the tax imposed pursuant to section 4641-A, 
subsection 1 in accordance with this paragraph. 
(1) At the beginning of the fiscal year, the Maine State Housing Authority shall 
certify to the Treasurer of State the amount that is necessary and sufficient to meet 
the authority's obligations relating to bonds issued or planned to be issued by the 
authority under Title 30-A, section 4864. 
(2) On a monthly basis the Treasurer of State shall apply 50% of the revenues in 
accordance with this subparagraph. The Treasurer of State shall first pay revenues 
available under this subparagraph to the Maine State Housing Authority, which 
shall deposit the funds in the Maine Energy, Housing and Economic Recovery 
Fund established in Title 30-A, section 4863, until the amount paid equals the 
amount certified by the Maine State Housing Authority under subparagraph (1), 
after which the Treasurer of State shall credit any remaining revenues available 
under this subparagraph to the General Fund. 
(3) On a monthly basis, the Treasurer of State shall credit 50% of the revenues to 
the Maine State Housing Authority, except that, notwithstanding paragraph F, in 
fiscal year 2015-16, the Treasurer of State shall first credit $6,291,740 of the 
revenues available under this subparagraph to the General Fund and except that, 
6 
notwithstanding paragraph F, in fiscal year 2016-17, the Treasurer of State shall 
first credit $6,090,367 of the revenues available under this subparagraph to the 
Page I - 130LR1853(04) 
SENATE AMENDMENT 
ROS 
SENATE AMENDMENT" f:t "to COMMI1TEEAMENDMENT"A" to S.P. 190, L.D. 484 l5-'S93) 
General Fund and except that, notwithstanding paragraph F, in fiscal years 2017-
and 2018-19, the Treasurer of State shall first credit $2,500,000 of the revenues 
available under this subparagraph to the General Fund. The Maine State Housing 
Authority shall deposit the funds received pursuant to this subparagraph in the 
Housing Opportunities for Maine Fund created in Title 30-A, section 4853. 
Beginning July 1, 2023, the Maine State Housing Authority shall use 25% of funds 
transferred to the Housing Opportunities for Maine Fund under this subparagraph 
to support the creation of new housing units, through new construction or adaptive 
reuse, that are affordable to low-income households.' 
Amend the amendment by relettering or renumbering any nonconsecutive Part letter or 
section number to read consecutively. 
SUMMARY 
This amendment amends Committee Amendment "A" by removing the provisions 
changing the distribution of revenue from the real estate transfer tax to the Housing 
Opportunities for Maine Fund. It retains the requirement that the Maine State Housing 
Authority use 25% of the revenue received from the real estate transfer tax to support the 
creation of new housing units, through new construction or adaptive reuse, that are 
affordable to low-income 
usehold . 
SPONSORED BY:__,,,..,..__=-_,__--+--+-------
(Senator BREEN, C.) 
COUNTY: Cumberland 
FISCAL NOTE REQillk·_ 
(See attached) 
SENATE AMENDMENT 
Approved: 04/20/22 feae 
LD484 
LR 1853(04) 
An Act Relating to the Distribution of State Revenue from the Real Estate Transfer Tax 
Fiscal Note for Senate Amendment "A" to Committee Amendment "A"($~~ 
Sponsor: Sen. Breen of Cumberland 
Net Cost (Savings) 
General Fund 
Appropriations/Allocations 
Other Special Revenue Funds 
Revenue 
General Fund 
Other Special Revenue Funds 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2021-22 
FY 2022-23 
Projections 
FY 2023-24 
Projections 
FY 2024-25 
$0 
($27,874,800) 
($28,830,800) 
($29,745,800) 
$0 
$0 
$0 
($27,874,800) 
($28,830,800) 
$27,874,800 
$28,830,800 
($27,874,800) 
($28,830,800) 
($29,745,800) 
$29,745,800 
($29,745,800) 
This amendment removes the portions of the bill that make changes to the distribution of revenue from the real estate 
transfer tax and restores the General Fund revenue reductions. It also removes the Other Special Revenue Funds 
revenue increases to the Maine State Housing Authority (MSHA) and removes the Other Special Revenue Funds 
allocation to MSHA. 
LR1853(04) - Fiscal Note - Page 1 of 1