LD1665

Increases property tax fairness credit benefit base and maximum credit for certain filers

Amends the property tax fairness credit for tax years beginning in 2025 or later by increasing the benefit base for various filer categories. For heads of households or married individuals with one child or dependent, the benefit base increases to $3,250. For those with more than one child or dependent, it increases to $4,000. For individuals 65 years or older, the benefit base increases to $4,250. The bill also raises the maximum credit for heads of households or joint filers with a child or dependent to $2,000.