LD 2
pg. 2
Page 1 of 2 RESOLUTION, Proposing an Amendment to the Constitution of Maine To Limit the Ra... LD 2 Title Page
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LR 329
Item 1

 
counted and declared in open ward, town and plantation meetings and
returns made to the Secretary of State in the same manner as votes
for members of the Legislature. The Governor shall review the
returns and, if it appears that a majority of the legal votes are
cast in favor of the amendment, the Governor shall proclaim that
fact without delay and the amendment becomes part of the
Constitution of Maine on the date of the proclamation; and be it
further

 
Secretary of State shall prepare ballots. Resolved: That the Secretary of
State shall prepare and furnish to each city, town and plantation
all ballots, returns and copies of this resolution necessary to
carry out the purposes of this referendum.

 
SUMMARY

 
This constitutional amendment proposes to authorize a
municipality to limit the rate of change in the tax rate
applicable to homestead land, which is land that is exclusively
and continuously owned by one or more residents of the State
while the land remains the principal home of each owner, to the
rate of change in the purchasing power of United States currency
as consistently measured by a reliable index adopted by the
Legislature.


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