An Act To Exempt All Disabled Veterans in Maine from All Income Tax and To Increase Their Homestead Exemption to $50,000
Sec. 1. 36 MRSA §683, sub-§1-B, as enacted by PL 2015, c. 267, Pt. J, §1, is amended to read:
Sec. 2. 36 MRSA §5122, sub-§2, ¶QQ is enacted to read:
This bill increases the homestead exemption to $50,000 for veterans of the United States Army, Navy, Air Force, Marines or Coast Guard who are receiving disability compensation from the United States Government due to a service-connected disability and provides an income tax deduction for all income of those individuals.