An Act To Provide Property Tax Stabilization For Older Maine Residents

This bill establishes a 1% local sales tax on prepared food and lodging in participating Maine municipalities, authorized through voter referendum, to fund property tax stabilization for seniors. It directly affects Maine residents aged 62 or older who have owned their homestead for at least 10 years and are permanent state residents. Municipalities using this tax revenue must apply it exclusively to stabilize property taxes for eligible seniors - maintaining their tax bill at the previous year's level - rather than using it for other municipal services or aid programs. The program requires annual applications by December 1st and allows municipalities to set stricter eligibility criteria than the minimum standards outlined.