- Associated Press - Sunday, March 23, 2014

AUGUSTA, Maine (AP) - Maine’s Democratic-controlled House will soon consider a measure that aims to bolster a new property tax credit for low-and-middle income families.

The bill introduced by Democratic House Speaker Mark Eves of North Berwick was unanimously approved by Maine’s Taxation Committee last week.

The new program replaced an old credit, which provided homeowners and renters as much as $1,600 back in their local property or rent taxes. The new program only provides a credit up to $400.

That change is saving the state $23 million dollars this fiscal year.

But Democrats say the lower credit is hurting struggling Mainers.

The bill creates a new state savings account to allow for the credit cap to be increased in the future.



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