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.
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Mario2025-11-25 18:25:322025-11-25 19:00:48Cabaldon Claims National Policy Award
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Mario2025-11-06 10:30:232025-11-06 15:28:21POLITICO features Fall 2025 Class of NewDEAL Leaders
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Isabel Giovannetti2025-11-06 09:00:252025-11-25 18:11:41NewDEAL Welcomes New Class of Exceptional Democratic Leaders
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Mario2025-11-05 16:01:002025-11-25 18:11:12Statement from CEO of NewDEAL Debbie Cox Bultan on 2025 Off-Year Election Results And Democrats’ Path Forward
