An Act To Improve the Law Authorizing Municipalities To Allow Low-income Seniors To Defer Payment of Municipal Property Taxes
Sec. 1. 36 MRSA §6271, sub-§2, ¶B, as enacted by PL 2009, c. 489, §5, is amended to read:
Sec. 2. 36 MRSA §6271, sub-§§9 and 10 are enacted to read:
Sec. 3. Appropriations and allocations. The following appropriations and allocations are made.
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
Municipal Deferral Reimbursement Account N300
Initiative: Provides a one-time nonlapsing General Fund appropriation of $1,000,000 in fiscal year 2019-20 to the newly created Municipal Deferral Reimbursement Account program within the Department of Administrative and Financial Services to reimburse municipalities for certain property taxes deferred.
GENERAL FUND | 2019-20 | 2020-21 |
All Other
|
$1,000,000 | $0 |
GENERAL FUND TOTAL | $1,000,000 | $0 |
SUMMARY
This bill lowers from 70 years of age to 65 years of age the age of eligibility for municipal property tax deferral programs for homesteads of low-income seniors and requires the State to reimburse municipalities for the taxes deferred. The State acquires a lien on the property for the amount of taxes deferred plus interest.