Wednesday, 24 April 2019 13:35

Bill would expand tax exemptions for veterans

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AUGUSTA - Maine is known for supporting veterans and one state lawmaker wants to increase that support when it comes to property tax relief.

Sen. Brad Ferrin, R-Norridgewock, is sponsoring a bill that would enhance property tax exemptions for veterans.

 

The bill would provide a $25,000 exemption for vets who have served at least 90 days in combat.

 

Disabled veterans would be eligible for either a $50,000 or $100,000 exemption, depending on the degree of their disability.

 

Ferrin said he believes the bill will garner bipartisan support.

 

"This bill, with LD 163, we're trying to find that sweet spot on the middle. Everyone around here has great intentions and they want to give out free license plates and a hunting license and whatever, and we believe with this property tax exemption, it's something that will really help our veterans," Ferrin said.

 

Maine currently provides a $6,000 property tax exemption for veterans that was put in place in the early 1970s.