This amendment, which is the minority report of the committee, replaces the bill. It reduces the percentage of revenue from the real estate transfer tax deposited to the General Fund from 20% to 18% and requires that 2% of the real estate transfer tax revenue be paid to the Maine State Housing Authority, which must deposit the funds in the authority's shelter operating subsidy program, which supports emergency homeless shelters in the State. The amendment also includes an allocation to the shelter operating subsidy program in fiscal year 2026-27. FISCAL NOTE REQUIRED (See attached) COMMITTEE AMENDMENT

Statutes affected:
Bill Text LD 2124, HP 1439: 36.4641