An Act To Provide Tax Relief to Middle-income Residents through the Maine Residents Property Tax Program
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §6207, sub-§1, ¶A-1, as amended by PL 2005, c. 2, Pt. E, §4 and as affected by §§7 and 8, is further amended to read:
A-1. Fifty percent of that portion of the benefit base that exceeds 4% but does not exceed 8% of income plus 100% of that portion of the benefit base that exceeds 8% of income to a maximum payment of $2,000 $4,000.
Sec. 2. Application. This Act applies to claims for benefits under the Maine Residents Property Tax Program filed for application periods that begin on or after August 1, 2007.
summary
This bill amends the Maine Residents Property Tax Program, also referred to as “the Circuitbreaker Program,” by increasing the maximum benefit to $4,000 from $2,000.