An Act to Invest in
Maine Legislature, Session 132, LD 1082
Committee Amendment CA_A_H709 (House)
Amends: 22 MRSA §20-A, 30-A MRSA §4773, 36 MRSA §4641-A, 36 MRSA §4641-B, 36 MRSA §4641-C

COI\.1MITTEE AMENDMENT" A» to H.P. 704, L.D. 1082, "An Act to Invest in 
Maine's Families and Workforce by Amending the Real Estate Transfer Tax" 
Amend the bill by striking out all of sections 1 and 2 and inserting the following: 
'Sec. 1. 22 MRSA §20-A, sub-§3, ,JA, as enacted by PL 2023, c. 412, Pt. AAAA, 
§ 1, is amended to read: 
A. All money received by the State in accordance with Title 36, section 4641:-B, 
subsection 4-B, paragraph E-1 and, beginning with fiscal year 2026-27. Title 36, 
section 4641-B. subsection 4-B. paragraph E-2; • 
Sec. 2. 30-A MRSA §4773 is enacted to read: 
§4773. Housing Production Fund 
The Housing Production Fund, referred to in this section as "the fund." is established 
as a nonlapsing fund under the jurisdiction and control of the Maine State Housing 
Authority. The fund is funded by revenue from Title 36. section 4641-A. subsection 1. 
paragraph A. Funds in the fund must be used by the authority to support the federal 
low-income housing tax credit as provided in Section 42 of the United States Internal 
Revenue Code of 1986. as amended. and the authority's rural affordable rental housing 
program and affordable homeownership program. 
Sec. 3. 36 MRSA §4641-A, sub-§1, 1A, as enacted by PL 2001, c. 559, Pt. I, §3 
and affected by §15, is amended to read: 
A. The rate of the tax is $2.20 for each $500 or fractional part of $500 of the value of 
the property transfe11·ed. When the value of the property being transferred exceeds 
$1,000.000, an additional tax at the rate of $3,80 for each $500 or fractional part of 
$500 of the value of the property transferred that exceeds $1,000,000 is imposed. 
Sec. 4. 36 MRSA §4641-A, sub-§2, 1A, as enacted by PL 2001, c. 559, Pt. I, §3 
and affected by §15, is amended to read: 
Page I - 132LR0365(02) 
COMMITTEE AMENDMENT 
ROS 
COMMITTEE AMENDMENT" A" to H.P. 704, L.D. 1082 
A. +he For property owned by the entity and located in this State. the rate of the tax is 
$2.20 for each $500 or fractional part of $500 of the value of the real property 0Wfl:ed 
by the entity and located in this State transferred. When the value of the property being 
transfe1Ted exceeds $1,000,000, an additional tax at the rate of $3,80 for each $500 or 
fractional part of $500 of the value of the real property transfe1Ted that exceeds 
$1,000,000 is imposed.' 
Amend the bill by striking out all of section 4 and insetting the following: 
'Sec. 4. 36 MRSA §4641-B, sub-§4-B, ~-2 is enacted to read: 
E-2. In fiscal year 2026-27 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 TreasW'er of State the amount that is necessa1y 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) After reducing the revenue amount by the amount ce1tified pursuant to 
subparagraph (1), on a monthly basis, of the remaining revenue. the Treasurer of 
State shall: 
(a) Pay 18% to the Department of Health and Human Services, which shall 
deposit the funds in the Housing First Fund established in Title 22, section 
20-A, subsection 2: 
(b) Pay 32% to the Maine State Housing Authority, which shall deposit the 
funds in the Housing Oppottunities for Maine Fund created in Title 30-A, 
section 4853: 
(c) Pay 30% to the Maine State Housing Authority, which shall deposit the 
funds in the Housing Production Fund established in Title 30-A, section 4773 
to suppott the federal low-income housing tax credit as provided in Section 42 
of the United States Intemal Revenue Code of 1986, as amended. and the 
authority's rural affordable rental housing program and affordable 
homeownership program: and 
(d) Deposit 20% in the General Fund.' 
Amend the bill by striking out all of section 7 and insetting the following: 
'Sec. 7. 36 MRSA §4641-C, sub-§22 is enacted to read: 
22. Purchases by first-time home buyers participating in certain mortgage loan 
programs. Deeds to property to purchasers who receive financial assistance through the 
Maine State Housing Authority's first-time home-buyer mottgage loan programs. The 
exemption under this subsection applies to both the buyer and the seller. 
Sec, 8. Appropriations and allocations. The following appropriations and 
allocations are made. 
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF 
Revenue Services, Bureau of 0002 
COMMITTEE AMENDMENT 
ROS 
COMMITTEE AMENDMENT" A• to H.P. 704, L.D. 1082 
Initiative: Provides one-time funding for computer programming costs. 
GENERAL FUND 
2025-26 
2026-27 
All Other 
$79,500 
$0 
GENERAL FUND TOTAL 
$79,500 
$0 
ADMINISTRATIVE AND FINANCIAL 
SERVICES, DEPARTMENT OF 
DEPARTMENT TOTALS 
2025-26 
2026-27 
GENERAL FUND 
$79,500 
$0 
DEPARTMENT TOTAL-ALL FUNDS 
$79,500 
$0 
HEALTH AND HUMAN SERVICES, DEPARTMENT OF 
Housing First Program Z374 
Initiative: Adjusts funding for the Housing First Fund due to changes in the real estate 
transfer tax. 
OTHER SPECIAL REVENUE FUNDS 
2025-26 
2026-27 
All Other 
$1,491,000 
($46,000) 
OTHER SPECIAL REVENUE FUNDS TOTAL 
$1,491,000 
($46,000) 
HEALTH AND HUMAN SERVICES, 
DEPARTMENT OF 
DEPARTMENT TOTALS 
2025-26 
2026-27 
OTHER SPECIAL REVENUE FUNDS 
$1,491,000 
($46,000) 
DEPARTMENT TOTAL-ALL FUNDS 
$1,491,000 
($46,000) 
HOUSING AUTHORITY, MAINE STATE 
Housing Authority- State 0442 
Initiative: Adjusts funding for the Housing Opportunities for Maine Fund due to changes 
in the real estate transfer tax. 
OTHER SPECIAL REVENUE FUNDS 
2025-26 
2026-27 
All Other 
$2,982,000 
($6,709,000) 
OTHER SPECIAL REVENUE FUNDS TOTAL 
$2,982,000 
($6,709,000) 
Housing Production Fund N557 
Initiative: Allocates funds to support the federal low-income housing tax credit, the rural 
affordable rental housing program and the affordable homeownership program. 
OTHER SPECIAL REVENUE FUNDS 
2025-26 
2026-27 
COMMITTEE AMENDMENT 
ROS 
r 
COMMITTEE AMENDMENT "A" to H.P. 704, L.D. 1082 
All Other 
OTHER SPECIAL REVENUE FUNDS TOTAL 
HOUSING AUTHORITY, MAINE STATE 
DEPARTMENT TOTALS 
OTHER SPECIAL REVENUE FUNDS 
DEPARTMENT TOTAL-ALL FUNDS 
SECTION TOTALS 
GENERAL FUND 
OTHER SPECIAL REVENUE FUNDS 
SECTION TOTAL - ALL FUNDS 
$0 
$17,258,000 
$0 
$17,258,000 
2025-26 
' 2026-27 
$2,982,000 
$10,549,000 
$2,982,000 
$10,549,000 
2025-26 
2026-27 
$79,500 
$0 
$4,473,000 
$10,503,000 
$4,552,500 
$10,503,000 
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, replaces the changes 
made by the bill to the real estate transfer tax. The amendment increases the real estate 
transfer tax on property with a value of more than $1,000,000 to impose a tax of $6.00, or 
an additional $3.80, for each $500 of the value of the property being transferred above 
$1,000,000. The amendment changes the distribution of funds from the real estate transfer 
tax, including requiring 30% to be distributed to a new fund in the Maine State Housing 
Authority to support affordable housing, and requires the funds to be distributed as a 
percentage, not as a cascade. The amendment also specifies that the exemption from the 
real estate transfer tax for first-time home buyers receiving financial assistance through the 
Maine State Housing Authority applies to both the seller and the buyer of the property. The 
amendment also adds an appropriations and allocations section. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
• 
Approved: 06/12/25 LRL 
LD 1082 
LR365(02) 
An Act to Invest in Maine's Families and Workforce by Amending the Real Estate Transfer Tax 
' 
Fiscal Note for Bill as Amended by Committee Amendmen! '"'- ( \=\ 
Committee: Taxation 
Net Cost (Savings) 
General Fund 
Appropriations/ Allocations 
General Fund 
Other Special Revenue Funds 
Revenue 
General Fund 
Other Special Revenue Funds 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2025-26 
($1,558,500) 
$79,500 
$4,473,000 
$1,638,000 
$4,473,000 
FY 2026-27 
($1,388,000) 
$0 
$10,503,000 
$1,388,000 
$10,503,000 
Projections 
FY 2027-28 
($1,515,000) 
$0 
$11,737,000 
$1,515,000 
$11,737,000 
-7i)~) 
Projections 
FY 2028-29 
($1,643,000) 
$0 
$12,738,000 
$1,643,000 
$12,738,000 
This bill increases the real estate transfer tax rate to $6 per $500 of value for the portion of a property's value in excess 
of $1,000,000 and establishes an exemption from the real estate transfer tax for homes purchased under the Maine 
State Housing Authority's first-time home-buyer mortgage loan programs. This would result in a revenue increase to 
the General Fund of $1,638,000 in fiscal year 2025-26 and $1,388,000 in fiscal year 2026-27. These changes would 
also result in a revenue increase to the Housing First Fund of $1,491,000 in fiscal year 2025-26 and to the Housing 
Opportunities for Maine (HOME) Fund of $2,982,000 in fiscal year 2025-26. 
The bill also changes the distribution ofreal estate transfer tax revenue beginning in fiscal year 2026-27. The 
redistribution provides ongoing revenue of $17,258,000 in fiscal year 2026-27 to a newly established Housing 
Production Fund within the Maine State Housing Authority and reduces ongoing revenue to the Housing First Fund by 
$46,000 in fiscal year 2026-27 and reduces ongoing revenue to the HOME Fund by $6,709,000 in fiscal year 2026-27. 
The bill includes a one-time General Fund appropriation to the Bureau of Revenue Services within the Department of 
Administrative and Financial Services of $79,500 in fiscal year 2025-26 to fund computer programming costs 
associated with the provisions of this bill. 
LR0365(02) - Fiscal Note - Page 1 of 1