|
Other Matters Related to the Award of State of Maine Veterans' |
| Benefits. It expands eligibility for the veterans' property tax |
| exemption and removes from statute eligibility requirements related |
| to federally recognized periods of war. The bill makes all |
| honorably discharged veterans who are 62 years of age or older |
| eligible for the veterans' property tax exemption. It also |
| requires the State to reimburse municipalities for 100% of the |
| property tax revenues lost as a result of the veterans' property |
| tax exemption authorized by this bill. The bill also requires |
| Maine Revenue Services to notify municipalities of this new |
| exemption at least 60 days prior to its effective date. The |
| exemption authorized by this bill is effective April 1, 2001. |
