An Act to Amend the Definition of "Homestead" Under the Homestead Property Tax Exemption Laws

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Plain-English Summary

This bill changes the definition of "homestead" for property tax exemptions in Maine. Currently, a homestead held in trust must be in a revocable living trust to qualify. This bill removes the requirement that the living trust be revocable, allowing more properties held in trusts to potentially qualify for the homestead property tax exemption.

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