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LD 1112

Resolution, Proposing An Amendment To The Constitution Of Maine Requiring Not Less Than 90 Percent State Reimbursement For Residential Real Estate Property Tax Exemptions And To Establish A Minimum Homestead Exemption

132nd Legislature (2025-2026) Introduced by Ann Matlack

LD 1112 - Resolution, Proposing An Amendment To The Constitution Of Maine Requiring Not Less Than 90 Percent State Reimbursement For Residential Real Estate Property Tax Exemptions

Placed in Legislative Files (DEAD)
#exemptions #propertytax #statereimbursement
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Bill Summary · LD 1112

LD 1112 - Resolution, Proposing An Amendment To The Constitution Of Maine Requiring Not Less Than 90 Percent State Reimbursement For Residential Real Estate Property Tax Exemptions And To Establish A Minimum Homestead Exemption

Overview

Bill Number: LD 1112
Title: Resolution, Proposing An Amendment To The Constitution Of Maine Requiring Not Less Than 90 Percent State Reimbursement For Residential Real Estate Property Tax Exemptions And To Establish A Minimum Homestead Exemption
Status: Placed in Legislative Files (DEAD)
Introduced: March 18, 2025

Purpose and Intent

The primary intent of LD 1112 is to amend the Maine Constitution to require the state to reimburse municipalities for at least 90% of the revenue lost due to residential real estate property tax exemptions. Additionally, the bill seeks to establish a minimum homestead exemption amount to provide property tax relief for Maine homeowners.

Key Provisions

  • Requires the state to reimburse municipalities for no less than 90% of the revenue lost due to residential real estate property tax exemptions
  • Establishes a minimum homestead exemption of $25,000 for all Maine homeowners
  • Specifies that the state reimbursement and minimum homestead exemption must be implemented through a constitutional amendment

Affected Parties and Impacts

  • Municipalities in Maine would benefit from increased state reimbursement for property tax exemptions, helping to offset the revenue loss
  • Maine homeowners would see a minimum $25,000 homestead exemption, providing direct property tax relief
  • The state government would be required to allocate additional funding to meet the 90% reimbursement requirement for residential property tax exemptions

Procedural and Timeline Considerations

LD 1112 was introduced in the Maine Legislature on March 18, 2025 but was ultimately placed in the Legislative Files, indicating that it did not advance further in the legislative process and is considered "dead" for the current session. If the bill were to be reintroduced in a future session, it would need to go through the full legislative process, including committee hearings, floor votes in both chambers, and potentially a statewide referendum to amend the Maine Constitution.

Compiled from official sources — confirm details with the bill’s official record.

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