This citizen initiative will reduce Real Estate Transfer Tax collections as a result of the change in filing status of same-sex couples choosing to marry. However, eligibility and net benefits under the Maine Resident Property Tax and Rent Refund Program will also be reduced, resulting in some offsetting increases to revenue. Due to the potentially significant margin of error in identifying the number of same sex couples, the percentage choosing to marry and the timing of those marriages, a dollar impact of these tax effects is not available at this time, but the net effect of all tax effects on General Fund and Other Special Revenue Funds revenue is expected to be negligible.
The bill will also increase local revenue from marriage license fees but decrease revenue to counties from the Real Estate Transfer Tax. Again, the timing and amount of these impacts cannot be estimated at this time.
An increase in the number of marriages is expected to increase the caseload in the judicial
system attributable to additional divorce proceedings.
The collection of additional filing fees may increase General Fund revenue by minor amounts.