LD1506 is a bill in the Maine Legislature (132nd Legislature): An Act to Amend the Personal Property Tax Exemption for Individually Owned Personal Property.

What is the status of LD1506?

Failed as of April 29, 2026. Latest action: Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD) (April 29, 2026).

Where is the official record for LD1506?

On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1506&snum=132

Maine legislation · 132nd Legislature

Maine LD1506: An Act to Amend the Personal Property Tax Exemption for Individually Owned Personal Property

Q: What does LD1506 do?

In its own words: An Act to Amend the Personal Property Tax Exemption for Individually Owned Personal Property" Amend the bill in section 1 in paragraph P in the first 2 lines (page 1, lines 4 and 5 in L.D.) by striking out the following: "with a just value of less than $1,000 $5,000," and inserting the following: 'with a just value of less than $1,000,' Amend the bill by inserting after section 2 the following: 'Sec. 3. Appropriations and allocations. The following appropriations and allocations are made. ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF Revenue Services, Bureau of 0002 Initiative: Provides.

Status: Failed, April 29, 2026

What the bill says

An Act to Amend the Personal Property Tax Exemption for Individually Owned Personal Property" Amend the bill in section 1 in paragraph P in the first 2 lines (page 1, lines 4 and 5 in L.D.) by striking out the following: "with a just value of less than $1,000 $5,000," and inserting the following: 'with a just value of less than $1,000,' Amend the bill by inserting after section 2 the following: 'Sec. 3. Appropriations and allocations. The following appropriations and allocations are made. ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF Revenue Services, Bureau of 0002 Initiative: Provides.

From the engrossed text:

An Act to Amend the Personal Property Tax Exemption for Individually Owned Personal Property" Amend the bill in section 1 in paragraph P in the first 2 lines (page 1, lines 4 and 5 in L.D.) by striking out the following: "with a just value of less than $1,000 $5,000," and inserting the following: 'with a just value of less than $1,000,' Amend the bill by inserting after section 2 the following: 'Sec. 3. Appropriations and allocations. The following appropriations and allocations are made. ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF Revenue Services, Bureau of 0002 Initiative: Provides one-time funding for computer programming costs. GENERAL FUND 2025-26 2026-27 All Other $162,280 $0 __________ __________ GENERAL FUND TOTAL $162,280 $0 2240 ' Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively. SUMMARY 2288 This amendment provides a complete exemption from the personal property tax for 2299 individuals and retains the personal property tax for items used for industrial or commercial 3300 purposes and certain vehicles. The amendment also adds an appropriations and allocations 3311 section. 3322 FISCAL NOTE REQUIRED 3333 (See attached) Page 1 - 132LR2238(02) COMMITTEE AMENDMENT

Read the full official text

Maine LD1506: An Act to Amend the Personal Property Tax Exemption for Individually Owned Personal Property

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