LD 74
pg. 1
LD 74 Title Page An Act To Increase the Property Tax Exemption for Veterans LD 74 Title Page
Download Bill Text
LR 47
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 36 MRSA §653, sub-§1, śC, as amended by PL 1999, c. 462, §2,
is further amended to read:

 
C. The estates up to the just value of $5,000 $15,000,
having a taxable situs in the place of residence, of
veterans who served in the Armed Forces of the United
States:

 
(1) During any federally recognized war period,
including the Korean Campaign, the Vietnam War and the
Persian Gulf War, when they have reached the age of 62
years or when they are receiving any form of pension or
compensation from the United States Government for
total disability, service-connected or nonservice-
connected, as a veteran. A veteran of the Vietnam War
must have served on active duty for a period of more
than 180 days, any part of which occurred after
February 27, 1961 and before May 8, 1975 in the case of
a veteran who served in the Republic of Vietnam and
after August 4, 1964 and before May 7, 1975 in all
other cases, unless the veteran died in service or was
discharged for a service-connected disability after
that date. "Vietnam War" means the period between
August 5, 1964 and May 7, 1975 and the period beginning
on February 28, 1961 and ending on May 7, 1975 in the
case of a veteran who served in the Republic of Vietnam
during that period. "Persian Gulf War" means service
on active duty on or after August 7, 1990 and before or
on the date that the United States Government
recognizes as the end of that war period; or

 
(2) Who are disabled by injury or disease incurred or
aggravated during active military service in the line
of duty and are receiving any form of pension or
compensation from the United States Government for
total, service-connected disability.

 
The exemptions provided in this paragraph apply to the
property of that veteran, including property held in joint
tenancy with that veteran's spouse or held in a revocable
living trust for the benefit of that veteran.

 
SUMMARY

 
This bill increases the property tax exemption given to
veterans from $5,000 to $15,000.


LD 74 Title Page Top of Page LD 74 Title Page