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LD570 • 2025

An Act to Provide an Additional Maine Resident Homestead Property Tax Exemption Based on Income

An Act to Provide an Additional Maine Resident Homestead Property Tax Exemption Based on Income

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Senator Cameron Reny
Last action
2025-04-08
Official status
Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act to Provide an Additional Maine Resident Homestead Property Tax Exemption Based on Income

An Act to Provide an Additional Maine Resident Homestead Property Tax Exemption Based on Income Sponsor: Senator Cameron Reny Reference committee: Taxation Latest committee action: Reported Out; ONTP

What This Bill Does

  • An Act to Provide an Additional Maine Resident Homestead Property Tax Exemption Based on Income Sponsor: Senator Cameron Reny Reference committee: Taxation Latest committee action: Reported Out; ONTP

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-04-08 Senate

    Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)

  2. 2025-04-02 Committee

    Reported Out; ONTP

  3. 2025-04-01 Committee

    Work Session Held

  4. 2025-04-01 Committee

    Voted; ONTP

  5. 2025-02-19 Committee

    Referred to Committee on Taxation.

  6. House

    None

Official Summary Text

An Act to Provide an Additional Maine Resident Homestead Property Tax Exemption Based on Income
Sponsor:
Senator Cameron Reny
Reference committee:
Taxation
Latest committee action:
Reported Out; ONTP

Current Bill Text

Read the full stored bill text 
Printed on recycled paper
132nd MAINE LEGISLATURE
FIRST REGULAR SESSION-2025
Legislative Document No. 570
S.P. 250 In Senate, February 25, 2025
An Act to Provide an Additional Maine Resident Homestead
Property Tax Exemption Based on Income
Received by the Secretary of the Senate on February 19, 2025. Referred to the Committee
on Taxation pursuant to Joint Rule 308.2 and ordered printed.
DAREK M. GRANT
Secretary of the Senate
Presented by Senator RENY of Lincoln.

Page 1 - 132LR0282(01)
1Be it enacted by the People of the State of Maine as follows:
2Sec. 1. 36 MRSA §683, sub-§1-C is enacted to read:
31-C. Additional exemption for certain homesteads based on income. A homestead
4 eligible for an exemption under subsections 1 and 1-B is eligible for an additional
5 exemption of $75,000 of the just value of the homestead for property tax years beginning
6 on April 1, 2026 if the individual claiming the exemption under this subsection had federal
7 adjusted gross income for the prior income tax year of less than:
8 A. For individuals filing married joint returns or surviving spouses permitted to file a
9 joint return, $200,000;
10 B. For an individual filing as a head of household, $150,000; or
11 C. For a single individual or a married individual filing a separate return, $100,000.
12SUMMARY
13 This bill provides an additional homestead property tax exemption of $75,000,
14 increasing the total exemption amount to $100,000 beginning with property tax years
15 beginning on or after April 1, 2026. Eligibility for the additional exemption is based on
16 the federal adjusted gross income of the owner.
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