An Act To Change the Eligibility Requirements for 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 changes the formula for calculation of the property tax fairness credit to expand the credit to residents whose property taxes or rent constituting property taxes on homestead property exceeds 5%, rather than 6% in current law, of the residents' income for tax years beginning on or after January 1, 2020.