AUGUSTA — A measure that bolsters the state’s property tax fairness credit for Maine families has been signed into law.
“This will help put money back into the pockets of hard-working Mainers,” said Rep. Robert Saucier, D-Presque Isle, a co-sponsor of the bill. “Those that have worked hard their entire lives should not have to worry if they will be able to afford to stay in their homes.”
LD 1751, will increase the dollar amount of property tax credits for low- and middle-income residents under age 65 to $600, and $900 for filers 65 years of age and older. It also expands eligibility to more renters.
The budget proposed by Gov. 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 last year 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 bill, introduced by Speaker Mark Eves, increases the credit.
“I am pleased that the governor has signed this bill,” said Saucier. “There is nothing more important than working together for the common good of Maine people.”
The measure will go into effect 90 days after the Legislature adjourns.
