LD 210 LR 820(02)
An Act to Expand the List of Persons Exempt from the Real Estate Transfer Tax
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
FY 2023-24 FY 2024-25 Projections  FY 2025-26 Projections  FY 2026-27
Net Cost (Savings)
General Fund $94,500 $135,000 $135,000 $139,500
General Fund ($94,500) ($135,000) ($135,000) ($139,500)
Other Special Revenue Funds ($94,500) ($135,000) ($135,000) ($139,500)
Fiscal Detail and Notes
Adding siblings and stepsiblings to the list of family members whose deeds are exempt from the real estate transfer tax will reduce the amount of revenue credited to the General Fund by $94,500 in fiscal year 2023-24 and by $135,000 in fiscal year 2024-25. It will also reduce the amount of revenue credited to the Housing Opportunities for Maine (HOME) Fund within the Maine State Housing Authority by the same amounts.