Laws & Taxes

Laws & Taxes

MaineHousing awards $2.9 million in affordable housing tax credits

Five affordable housing projects for homeless veterans, seniors, and families will share nearly $2.9 million in federal Low Income Housing Tax Credits (LIHTC) allocated by MaineHousing through a competitive selection process

U.S. Treasury Awards $55 Million In New Markets Tax Credit Capacity to CEI Capital...

Today the U.S. Department of Treasury allocated $55 million in New Markets Tax Credit capacity to CEI Capital Management. The firm will deploy the award to economic development projects that create opportunity in rural, low-income communities across the nation

King Introduces Bill to Renew Low-Income Housing Tax Credit

U.S. Senator Angus King (I-Maine), along with Senators Maria Cantwell (D-Wash.) and Pat Roberts (R-Kan.), has introduced bipartisan legislation that would reauthorize a critical tax provision for improving access to affordable housing and spurring private investment in developments that support small businesses and construction jobs nationwide

Maine State Housing Authority Best Resource for Focus on Critical Senior Housing Needs

Governor Paul R. LePage today once again addressed the issue of affordable senior housing, emphasizing it is best addressed by refocusing existing resources within the State rather than taking out more loans at the expense of all Maine taxpayers

Attorney General Mills Urges Congress to Extend Tax Relief for Struggling Homeowners

Fearing a setback for financially strapped homeowners and for the slowly improving housing market, Attorney General Janet T. Mills is urging Congress to extend tax relief for distressed homeowners into next year.

Law Court Iinvites Amicus Briefs in Appeal of Property-Tax Exemption for Private School as...

October 17, 2012 - (RealEstateRama) -- The Maine Supreme Judicial Court, sitting as the Law Court, invites briefs of amici curiae in Hebron Academy v. Town of Hebron, Law Court docket number Oxf-12-95, scheduled to be argued during the December 2012 session of the Court. The appeal involves the classification of a private secondary and postsecondary school as a "literary" or "scientific" institution for purposes of the property-tax statute, 36 M.R.S. � 652(1)(B) (2011).

State of Maine Announces Free Online Real Estate Transfer Tax Declarations Filing Service

AUGUSTA, ME - August 11, 2011 - (RealEstateRama) -- Titling companies and law offices preparing a property transfer tax declaration form in Maine can now do so more efficiently online, using the free Real Estate Transfer Tax Declarations online service. The new service, offered by Maine Revenue Services, is available through the state’s official Web site, www.Maine.gov or at http://www.maine.gov/online/mrs/rettd.

Snowe, Feinstein, Bingaman Applaud White House Support for Increasing Energy Efficient Commercial Building Tax...

WASHINGTON, D.C. - February 4, 2011 - (RealEstateRama) -- U.S. Senators Olympia J. Snowe (R-Maine), Dianne Feinstein (D-California) and Jeff Bingaman (D-New Mexico) applauded President Obama’s support for provisions in S. 1637, the Expanding Building Efficiency Incentives Act, legislation they sponsored last Congress to encourage energy efficient technology and construction in the existing home, new home, and commercial building markets.

Governor Ceremonially Signs Legislation to Help Keep Seniors in Their Homes

AUGUSTA, ME - May 19, 2010 - (RealEstateRama) -- Governor John E. Baldacci held a State House ceremony today to celebrate passage of LD 1121, “An Act to Protect Elderly Residents from Losing Their Homes Due to Taxes or Foreclosure." The law, sponsored by Rep. Kathleen Chase (R-Wells), allows municipalities to pass local ordinances enabling eligible seniors to defer property taxes for a period of time. “Many elderly residents on fixed incomes, especially those in lake and coastal communities, just want the ability to stay in the homes they have worked so hard to maintain,” said Governor Baldacci.

MaineHousing will sell bonds to Maine people

Sale will allow people to invest locally and help Maine’s real estate market AUGUSTA, ME - October 17, 2008 - (RealEstateRama) — Starting this week...

Towns describe unpaid property tax liens

CAMDEN — The largest amount of unpaid taxes in Camden is owed on Bay View Landing and other properties belonging to businessman Stuart Smith....

Governor O’Malley Announces Plan to Cut Maryland Property Taxes by 3 Cents

O’Malley Continues to Outline Plan to Close the Structural Deficit in Howard County; Announces Penny Increase in Sales Tax – 83.5% of Marylanders Still...

Homeowners property tax refund

The program to apply for refunds of property tax assessed and/or rent paid during 2006 begins August 1, 2007. Maine's FastFile methods are the quickest...

Maine’s property-tax system inequitable, unfair

Regarding Albert DiMillo Jr.'s column "Tax reform can't be distinct from spending cuts" (Sept. 11), I agree that the threshold of the top income...

Tax bills to reflect market trends

SKOWHEGAN -- Houses are selling better than paper mills and that's bad news for homeowners with tax bills coming soon.Taxes for residential properties in...

Popular

Maine Real Estate & Development Association Names New President and Announces...

Paul Peck, attorney at Drummond & Drummond and real estate developer with LWS Development LLC is the new president of the Maine Real Estate & Development Association (MEREDA), a statewide organization of commercial real estate owners, developers and related service providers. Founded in 1985, MEREDA promotes responsible development and ownership of real estate in Maine through legislative advocacy, educational programs and professional networking opportunities.

Recent

April is National Safe Digging Month – Contractors and Homeowners Urged...

As the agency charged with enforcing safe digging practices in Maine, the Maine Public Utilities Commission (“Commission”) is urging all those who dig to take advantage of the resources available in Maine that will help avoid costly and dangerous damage to underground utility facilities