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ME LD2124

Bill

Official Source

Status

Introduced

1/7/2026

Primary Sponsor

Andrew Gattine

Click for details

Origin

House of Representatives

132nd Legislature

AI Summary

  • Redirects a portion of Maine's real estate transfer tax revenue to the Maine State Housing Authority's shelter operating subsidy program, starting September 1, 2026

  • Allocates 1% of real estate transfer tax revenue to emergency shelter operations beginning September 1, 2026, increasing to 1.8% beginning August 1, 2027

  • Reduces the county share of real estate transfer tax revenue from 9.2% to 8.2% beginning September 1, 2026

  • Requires registers of deeds to remit 91.8% of collected transfer tax revenue to the State Tax Assessor by the 10th of each month

Legislative Description

An Act to Support Emergency Shelter Funding Using Revenue from the Real Estate Transfer Tax

Miscellaneous Taxes

Last Action

Voted: Divided Report

3/3/2026

Committee Referrals

Housing1/7/2026

Full Bill Text

No bill text available