An Act to Incrementally
Maine Legislature, Session 132, LD 0140
Committee Amendment CA_A_S280 (Senate)

COMMITTEE AMENDMENT "Jr" to S.P. 76, L.D. 140, ''An Act to Incrementally 
Increase the Homestead Property Tax Exemption" 
Amend the bill in section 1 in subsection l~B by striking out all of paragraph C (page 
l, Jines 11 to 13 in L.D.) and inserting the following: 
•c. For prope1ty tax years beginning on or after April l, 2020, $15,000 of the inst value 
of the homestead: and' 
S 
Amend the bill in section 1 in subsection 1-B in paragraph D in the first line (page 1, 
line .14 in L.D.) by striking out the following: "$10.000" and it1serting the following: 
'$5,000' 
Amend the bill jn section 1 in subsection 1-B in paragraph D in the last line (page I, 
line 16 in L.D.) by striking out the following: "$85,000
and inserting the following: 
'$50.000' 
Amend the blll in section 1 in subsection 1-B in the first blocked paragraph in the last 
line (page 1, line 22 in .L.D,) by striking out the following: 
112032
and inse1ti11g the 
following: '2031
Amend the bill by inserting afte1· section l the following: 
'Sec. 2. Appropriations and allocations. The following appropriations and 
allocations are made, 
ADMI.NIST.RATIVR AND FINANCIAL SERVICES, DEPARTMENT OF 
Revenue Services, Bureau of 0002 
Initiative: Provides one-time fuuding for computer programming costs. 
GENERAL FUND 
2025-26 
All Other 
$47,640 
GENERAL FUND TOTAL 
$47,640 
.Revenue Services, Bureau of 0002 
COMMITTEE AMENDMENT 
2026 .. 27 
$0 
$0 
-~~ 
-d (\~ 
~ I 
ll 
1.3 
1.6 
COMMITTEE AMENDMENT "fa" to S.P. 76, L.D. 140 ( S • d-it>) 
Initiative: Provides fonding for increased homestead property tax exemption 
reimbursement to municipalities sta1ting with the property tax year beginning April I, 
2026. 
GENERAL FUND 
AU Other 
GENERAL FUND TOTAL 
ADMINISTRA TIVJ.i; AND FINANCIAL 
SERVICES, DEPARTMENT OF 
DJl:PARTMENT TOTALS 
GENERAL FUND 
.DEPARTMENT TOTAL w ALL FUNDS 
2025--26 
$0 
2026-27 
$14,025,000 
2025~26 
2026-27 
$47,640 
$14,025,000 
$47,640 
$14,025,000 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section 
mnnbei-to read consecutively. 
SUMMARY 
This amendn1ent reduces future increases of the homestead prope1fy tax exemption to 
$5,000 per year beginning in 2026 and caps the exemption increases at $50,000 of the just 
value of the homestead. The amendment also prov.ides that once the exemption amount 
reaches $50,000 in 2032, !he amount of the exemption will be adjusted for inflation 
annually, The amendment also adds an appropriations and allocations section, 
FISCAL NOTE REQUIRED 
(See attached) 
Pnge 2 & 132LR0354(02) 
COMMITTEE AMENDMENT 
Revised: 05/ 16/25 LR'-
LD 140 
LR 354(02) 
An Act to Incrementally Increase the Homestead Property Tax Exemption 
Fiscal Note for Bill as Amended by Committee Amendment ,t1'{ S ,'J_ ~ 
Committee: Taxntion 
Net Cost- (Snvings) 
Ge11eral Fund 
Appropriations/Allocntions 
General Fund 
Fisca.l Detnil nnd Notes 
Fiscal Note Required: Yes 
Fiscal Note 
$47,640 
$47,640 
Projections 
FY 2026-27 
• FY 2027-28 
Projections 
FY 2028-29 
$14,025,000 
$33,120,000 
$52.790,000 
This bill includes General Fund appropriations to the Bureau of Revenue Services within the Department of Financial 
and Administrnt.ivc Services of $47,640 in fiscal year 2025-26 and$ J 4,0251000 in fiscal year 2026-27 to provide 
fonding for increased homestead property tax exemption reimbursements to n:ninicipalilies starting with the property 
tax year beginning April l, 2026 and to prnvide one-time funding for necessary computer programming costs. This 
bill increases the additional homestead property tax exemption amount by $5,000 each year starting with the prnperty 
tax year beginning April 1, 2026 uni ii the additio11al homestead property lax exemption amount is $50,000. In 
subsequent years, the additional homestead property tnx exemption amount will be indexed to inflation. 
LR.0354(02) - Fiscnl Nole • Page l of l