125th MAINE LEGISLATURE
LD 1680 LR 2507(04)
An Act To Amend the Circuitbreaker Program To Include Claimants Occupying Property Pursuant to a Trust and To Require Proof of Payment of Rent
Fiscal Note for Bill as Engrossed with:
C "A" (S-407)
Committee: Taxation
             
Fiscal Note
No fiscal impact
Fiscal Detail and Notes
The bill clarifies that a person occupying a homestead under a legally binding agreement may transfer the property but continue to reside in it as a homestead until some unspecified future event and remain eligible for benefits under the Circuitbreaker program. The State Tax Assessor is required to adopt rules to require proof of rent when the rent claimed on the application for the year the benefit is claimed is $9,000 or more.