This resolution proposes to amend the Constitution of Maine to authorize the Legislature to require taxes on property owned and occupied by a permanent resident of this State for at least 12 months as that person's primary residence to be capped at 2% each year if that person is at least 65 years of age. Upon transfer of the property to someone other than a family member of the owner, the property would assume the just value at the time of transfer. The State is required to reimburse municipalities for revenue lost due to the 2% cap on taxes using revenue from a 2% tax imposed on the sale of lottery tickets and sports betting.