Each property tax bill issued by a municipality shall must clearly state the date interest will begin to accrue on delinquent taxes.

Sec. B-5. 36 MRSA c. 105, sub-c. 4-B, as amended, is repealed.

Sec. B-6. 36 MRSA c. 907, as amended, is further amended by repealing the chapter headnote and enacting the following in its place:

CHAPTER 907

HOMESTEAD TAX CAP PROGRAM

Sec. B-7. 36 MRSA §6201-A, as enacted by PL 1989, c. 534, Pt. A, §4, is amended to read:

§6201-A. Short title

This chapter shall be is known and may be cited as "the "Maine Residents Property Homestead Tax Cap Program."

Sec. B-8. 36 MRSA §6207, sub-§§1 and 2, as amended by PL 1997, c. 557, Pt. A, §3 and affected by Pt. G, §1, are further amended to read:

1. Benefit calculation. For claimants representing a nonelderly household, the benefit is calculated as follows:

A-1. Fifty percent of that portion of the benefit base that exceeds 4% 3.5% 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 $1,325 for applications filed under this chapter beginning August 1, 2004 and ending December 31, 2004 and $2,000 thereafter.

2. Income eligibility. Single-member households with household incomes in excess of $25,700 $75,000 and households with 2 or more members with a household income in excess of $40,000 $100,000 are not eligible for a benefit.

Sec. B-9. 36 MRSA §6209, as amended by PL 1989, c. 508, §25, is further amended to read:

§6209. Annual adjustment