LD 1616
pg. 1
LD 1616 Title Page An Act To Delay the Implementation of the Increase in the Homestead Exemption ... LD 1616 Title Page
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LR 2279
Item 1
 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. PL 2005, c. 2, Pt. F, §5 is amended to read:

 
*Sec. F-5. Application. This Part applies retroactively to property
tax valuations determined on or after April 1, 2005 2006.

 
Sec. 2. Retroactivity. This Act applies retroactively to June 29,
2005.

 
SUMMARY

 
Legislative Document 1, "An Act To Increase the State Share of
Education Costs, Reduce Property Taxes and Reduce Government
Spending at All Levels," which was signed into law as Public Law
2005, chapter 2, increased the Maine resident homestead property
tax exemption amount to $13,000 per permanent homestead,
beginning with property tax years beginning on or after April 1,
2005.

 
This bill delays the exemption amount increase for one year,
to property tax years beginning on or after April 1, 2006.

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