An Act To Increase the Property Tax Fairness Credit
Sec. 1. 36 MRSA §5219-KK, sub-§2-A, as enacted by PL 2017, c. 474, Pt. B, §16, is amended to read:
Sec. 2. 36 MRSA §5219-KK, sub-§2-B is enacted to read:
This bill increases the maximum credit available under the property tax fairness credit from $750 to $1,000 for resident individuals under 65 years of age and from $1,200 to $1,500 for resident individuals 65 years of age and older and decreases the threshold from 6% to 5% of the resident individual's income for purposes of calculating the credit.