Amends the definition of "homestead" under Maine's property tax exemption laws to remove the requirement that real property held in trust must be in.
The bill modifies the definition of "homestead" under Maine's homestead property tax exemption laws. Specifically, it removes the requirement that real property held in trust for the benefit of an applicant must be in a revocable living trust. This change broadens the types of trusts that can qualify for the homestead property tax exemption.
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