What is the status of LD1694?

Failed as of January 20, 2026. Latest action: Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD) (January 20, 2026).

Who sponsored LD1694?

Morgan Rielly (D), with 9 co-sponsors.

Where is the official record for LD1694?

On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1694&snum=132

Maine legislation · 132nd Legislature

Maine LD1694: An Act to Provide an Income Tax Credit for Certain Disaster Mitigation Projects for Working Waterfront Property

Q: What is LD1694?

LD1694 is a bill in the Maine Legislature (132nd Legislature): An Act to Provide an Income Tax Credit for Certain Disaster Mitigation Projects for Working Waterfront Property.

Q: What does LD1694 do?

In its own words: An Act to Provide an Income Tax Credit for Certain Disaster Mitigation Projects for Working Waterfront Property Reference to the Committee on Taxation suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative RIELLY of Westbrook. Cosponsored by Senator MOORE of Washington and Representatives: EATON of Deer Isle, FAULKINGHAM of Winter Harbor, GOLEK of Harpswell, MATHIESON of Kittery, MATLACK of St. George, STOVER of Boothbay, STROUT of Harrington, Senator: President DAUGHTRY of Cumberland. Printed on recycled paper.

Status: Failed, January 20, 2026

What the bill says

An Act to Provide an Income Tax Credit for Certain Disaster Mitigation Projects for Working Waterfront Property Reference to the Committee on Taxation suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative RIELLY of Westbrook. Cosponsored by Senator MOORE of Washington and Representatives: EATON of Deer Isle, FAULKINGHAM of Winter Harbor, GOLEK of Harpswell, MATHIESON of Kittery, MATLACK of St. George, STOVER of Boothbay, STROUT of Harrington, Senator: President DAUGHTRY of Cumberland. Printed on recycled paper.

From the introduced text:

An Act to Provide an Income Tax Credit for Certain Disaster Mitigation Projects for Working Waterfront Property Reference to the Committee on Taxation suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative RIELLY of Westbrook. Cosponsored by Senator MOORE of Washington and Representatives: EATON of Deer Isle, FAULKINGHAM of Winter Harbor, GOLEK of Harpswell, MATHIESON of Kittery, MATLACK of St. George, STOVER of Boothbay, STROUT of Harrington, Senator: President DAUGHTRY of Cumberland. Printed on recycled paper Be it enacted by the People of the State of Maine as follows: Sec. 1. 36 MRSA §5219-CCC is enacted to read: §5219-CCC. Working waterfront disaster mitigation tax credit 1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. "Eligible property" means tangible property for which depreciation or amortization in lieu of depreciation is allowable that or (2) Acquired by the taxpayer if the first use of such property commences with the taxpayer. B. "Qualifying working waterfront disaster mitigation project" means a project that: (1) Is substantially designed in compliance with: (a) In the case of a project placed in service before January 1, 2032, the 2021 International Building Code published by the International Code Council; or (b) In the case of a project placed in service on or after January 1, …

Read the full official text

Maine LD1694: An Act to Provide an Income Tax Credit for Certain Disaster Mitigation Projects for Working Waterfront Property

What the bill says

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