Maine Speaker of the House Ryan Fecteau Sponsored a Bill That Would Increase the Real Estate Transfer Tax on Expensive Homes to Fund the Construction of New Units
Idea Category: Housing
Maine Speaker of the House Ryan Fecteau sponsored a bill that would increase the real estate transfer tax on home sales over a million dollars, providing a sustain fund to help Maine reach its goal of building 84,000 new units by 2030. It would also eliminate the tax for both sellers and buyers on purchases involving first-time home buyers qualified through Maine Housing. "I think the real estate transfer tax impacts those who are scraping together the funds to make a closing happen versus those who are buying million dollar plus homes...these are the folks that need the relief. Relief would also go to the sellers, so I think it'll make the loan a little more competitive for the buyers because sellers would also save money," Fecteau said.
More Idea’s From Ryan Fecteau
House Speaker Ryan Fecteau’s Sponsored Bills to Allocate Funding Toward Healthcare and Food Assistance Get Approved
Idea Category: Funding, Healthcare | Funding Source: ARP
House Speaker Ryan Fecteau Proposed Bill to Raise Reimbursement Rates For Direct Care Workers
Idea Category: Workforce | Funding Source: ARP
Expanding Access to Child Care Through Zoning Reform
Idea Category: 2025 Ideas Challenge, Improving Quality of Life | Funding Source: ARP
Speaker of the Maine House Ryan Fecteau: Reforming Zoning and Land Use in Municipalities
Idea Category: Housing | Funding Source: ARP
Rebuilding and Reenergizing the Building and Energy Codes
Idea Category: Climate Change | Funding Source: ARP
Natural Resources Square Up and Tackle Climate Change
Idea Category: Climate Change | Funding Source: ARP
Staycationland: Co-working Spaces Revolutionize Tourism and Remote Employment
Idea Category: Jobs and Entrepreneurship, Smart Government | Funding Source: ARP
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