LD 313
pg. 1
LD 313 Title Page An Act To Expand Benefits Available under the Maine Residents Property Tax Prog... LD 313 Title Page
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LR 236
Item 1

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

 
Sec. 1. 36 MRSA §6207, sub-§1, ķA-1, as amended by PL 1997, c. 557, Pt.
A, §3 and affected by Pt. G, §1, 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 $1,000 $3,000.

 
Sec. 2. 36 MRSA §6207, sub-§2, as amended by PL 1997, c. 557, Pt. A,
§3 and affected by Pt. G, §1, is further amended to read:

 
2. Income eligibility. Single-member households with
household incomes in excess of $25,700 $51,400 and households
with 2 or more members with a household income in excess of
$40,000 $80,000 are not eligible for a benefit.

 
SUMMARY

 
This bill doubles the income limitation for benefits under the
Maine Residents Property Tax Program, the so-called "circuit
breaker program," to $51,400 for single-member households and
$80,000 for households with 2 or more members. This bill also
raises the maximum allowable rebate from $1,000 to $3,000.


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