An Act to Provide
Maine Legislature, Session 132, LD 1665
Committee Amendment CA_A_S416 (Senate)
Amends: 36 MRSA §5403

COMMITTEE AMENDMENT " k " to S,P. 659, L.D, 1665, "An Act to Provide
Property Tax Relief to Maine Families"
Amend the bill in section 2 in paragraph A-2 in subparagraph (I) in the first line (page
1, line 27 in L.D.) by striking out the following; "$2,450" and inserting the following:
'$2.55 0'
Amend the bill in section 2 in paragraph A-2 in subparagraph (2) in the first line (page
1, line 28 in L,D,) by striking out the following: "$3.200" and inserting the following:
'$3,300'
Amend the bill in section 2 in paragraph A-2 in subparagraph (3) in the last line (page
1, line 31 in L.D.) by striking out the following: "$3.250" and inserting the following;
'$4.050'
Amend the bill by inserting after section 3 the following:
'See. 4. 36 MRSA §5403, sub-§6, as repealed and replaced by PL 2023, c, 412, Pt.
S, §5, is amended to read:
6. Property tax fairness credit. For the property tax fairness credit;
A, Beginning in 2018 and each year thereafter ending in 2024, by the benefit base
amounts in section 5219-KK, subsection 1, paragraph A-l, subparagraphs (1) to (3),
except that for the purposes of this subsection, notwithstanding section 5402,
subsection 1-B, the "cost-of-living adjustment" is the Chained Consumer Price Index
for the 12-month period ending June 30th of the preceding calendar year divided by
the Chained Consumer Price Index for the 12-month period ending June 30,2017; o»4
B. Beginning in 2024 and euoh year thereaftef ending in 2024, by the benefit base
amount in section 5219-KK, subsection 1, paragraph A-l, subparagraph (4), except
that for the purposes of this subsection, notwithstanding section 5402, subsection 1-B,
the "cost-of-living adjustment" is the Chained Consumer Price Index for (lie 12-month
period ending June 30th of the preceding calendar year divided by the Chained
Consumer Price Index for the 12-inonth period ending June 30,2023;and
COMMITTEE AMENDMENT
p.08
COMMITTEE AMENDMENT " ^" to S,P. 659, L.D. 1665 ^ ^j ^
C. Beehmine in 2025 and each year thereafter, by the benefit base amounts in section
5219-KK, subsection 1. paragraph A-2. except that for the Durposes ofthis subsection.
notwithstanding section 5402. subsection 1-B. the_"CQSt-of-living adjustment" is the
Chained Consumer Price Index for the 12-month period ending June 30th of the
preceding calendar year divided by the Chained Consumer Price Index for the 12-
month period end ing June 30, 2024.'
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section
number to read consecutively.
SUMMARY
This amendment makes technical corrections to the benefit base amounts in the biil and
the calculation of the annual adjustment for inflation for the tax credit.
FISCAL NOTE REQUIRED
(See attached)
COMMITTEE AMENDMENT
Revised: 06/11/25 t^KL-
LD 1665 LR 1107(02)
An Act to Provide Property Tax Relief to Maine Families
Fiscal Note for Bill as Amended by Committee Amendment "^"/ ^
Committee! Taxation
Fiscal Note Required: Yes
5-4f
Net Cost (Savings)
General Fund
rtevcnue
General Fund
Other Special Revenue Funds
Fiscal Note
Projections Projections
FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29
$12,131,500 $12,673,000 $12,939,000 $13,594,500
($12,131,500) ($12,673,000) ($12,939,000) ($13,594,500)
($638,500) ($667,000) ($681,000) ($715,500)
Fiscal Detail and Notes
This bill would result in a revenue decrease to the General Fund of $ 12,131 >500 in fiscal year 2025-26 and
$12,673,000 in fiscal year 2026-27 by increasing the benefit base for the property tax fairness credit for tax years
beginning on or after January 1, 2025, The bill would also result in a revenue decrease to the Local Government Fund
of $638,500 in fiscal year 2025-26 and $667,000 in fiscal year 2026-27.
LR1107(02)" Fiscal Note - Page 1 of 1