An Act to Elnnmate Semor C1t1zen Property Tax Stab1hzation and Expand the Homestead P1 operty Tax Exempt10n
Maine Legislature, Session 131, LD 0130
Committee Amendment CA_B_S426 (Senate)
Amends: 36 MRSA §6281

COMMITTEE AMENDMENT '13 " to SP 69, L D 130, "An Act to Elnnmate 
Semor C1t1zen Property Tax Stab1hzation and Expand the Homestead P1 operty Tax 
Exempt10n" 
Amend the bill by stnkmg out the title and subst1tutmg the followmg 
'An Act to Improve the Property Tax Stab1hzation Program' 
Amend the bill by stnkmg out everythmg after the enactmg clause and msertmg the 
followmg 
'Sec. 1. 36 MRSA §6281, sub-§2, as enacted by PL 2021, c 751, §1, 1s amended 
to read 
2. Apphcat1on for stab1hzat10n An md1v1dual may apply by Decembe1 1st to the 
mumc1pahty m which the md1v1dual's homestead 1s located requestmg that the mumc1pahty 
stab1hze the property tax assessed on that md1v1dual's homestead fo1 the property tax year 
begmnmg on Apnl 1st followmg the subm1ss10n of the application and each property tax 
year thereafter sub1ect to admstment under subsection 2-A A new application 1s reqmred 
for eaeh year for 1+1lh1eh stab1hz;at1on 1s requested when an md1v1dual establishes a new 
homestead m the State or 1frequested by the mumc1pahty or 1fthe mumc1pality determmes 
that the rnst value of the homestead with a stab1hzed valuation has mcreased by at least 
$20,000 above the ongmal stab1hzed valuat10n as provided m subsection 2-A 
Sec. 2. 36 MRSA §6281, sub-§2-A 1s enacted to read 
2-A Ad1ustment m stab1hzed valuation. If a mumcmal assessor determmes that the 
rnst value of a homestead with a stab1hzed valuation has mcreased by at least $20,000 over 
the ongmal stabilized valuat10n, the mumc1pahty may estabhsh a new stab1hzed valuation 
for the homestead for the property tax year subsequent to the year m which the 
detennmation 1s made 
Sec. 3. 36 MRSA §6281, sub-§3, as enacted by PL 2021, c 751, §1, 1s amended to 
read 
COMMITTEE AMENDMENT 
ROS 
COMMITTEE AMENDMENT'~' to SP 69, L D 130 
3. Stabilizatmn for ehg1ble md1v1dual. If a mumcipahty determmes that an apphcant 
for stab1hzat10n under subsect10n 2 1s an ehg1ble md1v1dual and that the md1v1dual
1s 
homestead 1s an ehg1ble homestead, the mumcipahty shall stab1hze the property tax on the 
md1v1dual's homestead billed for the property tax year f01 which stab1hzat10n was requested 
and for subsequent property tax years for which the homestead 1s ehg1ble, unless the 
valuation has been adtusted under subsection 2-A, m which case the adtusted valuation 
replaces the ongmal stab1hzed valuat10n 
Sec. 4. 
Appropriatrnns and allocations. The followmg appropnations and 
allocations are made 
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF 
Property Tax Stab1hzat10n Z368 
Imtiattve Provides fundmg to reimburse mumcipaht1es for property tax revenue decreases 
due to elnnmatmg the annual apphcat1on reqmrement for the property tax stab1hzat1on 
program 
GENERAL FUND 
All Other 
GENERAL FUND TOTAL 
2023-24 
$0 
$0 
2024-25 
$200,000 
$200,000 
Amend the bill by relettermg or renumbermg any nonconsecutive Part letter or section 
number to read consecutively 
SUMMARY 
This amendment replaces the bill 
The amendment amends the laws govemmg ' 
property tax stab1hzat1on for mdiv1duals 65 years of age or older to ehmmate the 
requrrement for an annual apphcat10n It provides that a new apphcat10n 1s reqmred when 
an md1v1dual establishes a new homestead m the State, 1f requested by the mumc1pahty or 
1fthe mumc1pahty detennmes there has been an mcrease mJust value of at least $20,000, 
m which case the stab1hzed value must be adjusted 
FISCAL NOTE REQUIRED 
(See attached} 
COMMITTEE AMENDMENT 
/ 
\ 
I 
Approved 06/ l 7 /23 ::b/ac: 
LD 130 
LR 29(03) 
An Act to Ehmmate Semor CitIZen Property Tax StabilIZation and Expand the Homestead Property 
Tax Exemption 
Fiscal Note for BIii as Amended by Committee Amendment ''1'(S-'-{ZJ.~'-
Commdtee: Taxation 
D 
~ 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2023-24 
FY 2024-25 
Pr0Ject10ns 
FY 2025-26 
Pr0Ject1ons 
FY 2026-27 
Net Cost (Savmgs) 
) General Fund 
$0 
$200,000 
$300,000 
$400,000 
I 
Appropriations/ Allocat1ons 
General Fund 
$0 
$200,000 
$300,000 
$400,000 
Fiscal Detail and Notes 
TJ11S bi)) includes a General Fund appropnat10n to the Department of Admmistrat1ve and Fmancial Services, Pioperty 
Tax Stabihzation program of $200,000 m fiscal year 2024-25 to i e1mburse mumcipaht1es for reduced property tax 
1evenue resulting from the ehmmation of the annual apphcat1on reqmrement for property tax stabihzat10n 
The fiscal note does not reflect changes to the property tax stab1hzat1on program related to authonzmg mumc1pal 
assessors to establish a new stab1hzed valuation when the Just value of a homestead has increased by at least $20,000 
While allowmg mumc1pa) assessors to mcrease the stab1hzed valuation may result m property tax revenue mcreases 
and correspondmg reductions m state reimbursement for property tax revenue loss, there 1s not sufficient mformation 
to estimate the t1mmg or amount of these potential impacts 
LR0029(03) - Fiscal Note - Page 1 of 1