Bill to boost property tax credits gets final approval
Augusta, Maine — A measure that would bolster the state’s property tax fairness credit will be sent to the Governor for his signature.
The Maine Senate on Wednesday night gave final approval to the bill, LD 1751.
If the bill becomes law, property tax credits for low and middle income residents under age 65 will double from $300 to $600 and increase from $400 to $900 for filers 65 years of age and older. The measure also expands eligibility to more renters.
The budget proposed by Governor Paul LePage last year eliminated a key property tax relief program referred to as “Circuit Breaker” for residents under 65 with the exception of veterans. The bipartisan budget passed by a super majority of the Legislature contained a compromise that sought to provide broad property tax relief to as many Maine families as possible, but had to do so at a lower dollar amount.
The Governor has ten days to sign or veto the bill or it will become law without his signature.