New Maine Rules for Short Term Rentals and Vacation Homes

What’s happening? LD 1377 (2021 | ME) would generate revenue to develop affordable housing, provide property tax relief & encourage more units to be used as permanent housing

Why is this important? Maine is pretty much following what D.C. did with some added help for low and middle income households

How will this be important? Maine dedicates the funds to Housing Opportunities for Maine, or HOME, program, which funds things such as affordable housing and homeless services & to a state fund for the state’s homestead tax exemption program.

Sun Journal | Bill would impose new fees on vacation homes, short-term rentals