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.