LD 1506·ME·house
An Act To Amend The Personal Property Tax Exemption For Individually Owned Personal Property
FailedFiled Apr 8, 2025
Sponsor: Randall GREENWOOD
Latest Action
Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD)
Apr 29, 2026
Summary
The bill would increase the value limit for tax‑exempt personal items owned by a single person from $1,000 to $5,000. It excludes property used for industrial or commercial purposes and most vehicles. The change would apply to tax years beginning on or after April 1, 2026, but the measure failed in the Senate.
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