Maine LD1755: An Act to Increase the Maine Historic Property Rehabilitation Tax Credit in Rural Areas

What the bill says

An Act to Increase the Maine Historic Property Rehabilitation Tax Credit in Rural Areas.

From the introduced text:

An Act to Increase the Maine Historic Property Rehabilitation Tax Credit in Rural Areas Sec. 1. 36 MRSA §5219-BB, sub-§1, ¶E is enacted to read: E. "Rural area" means an unorganized territory of the State or a municipality that has a population of less than 12,500 inhabitants as determined by the United States Department of Commerce, Bureau of the Census based on the latest decennial census of the United States. Sec. 2. 36 MRSA §5219-BB, sub-§10 is enacted to read: 10. Increased credit for certified qualified rehabilitation expenditures in rural areas with housing component. For tax years beginning on or after January 1, 2025, the credit allowed under this section is increased to 35% of certified qualified rehabilitation expenditures for which a tax credit is claimed under Section 47 of the Code for a certified historic structure located in a rural area of the State as long as not less than 33% of the aggregate square feet of that structure constitutes apartments, dwellings or other living accommodations. If the rehabilitation of the certified historic structure is also a certified affordable housing project, then the credit allowed under this section is increased by a further 10 percentage points. Sec. 3. Application. This Act applies to tax years beginning on or after January 1, 2025. Page 1 - 132LR1875(03)

Read the full official text

Sponsors

• Laura Supica (D, 22) · primary sponsor
• Mark Blier (R, 138)
• Curry, Chip (D, 11)
• Bradlee Farrin (R, 3)
• Ryan Fecteau (D, 132)
• Craig Hickman (D, 14)
• Cassie Julia (D, 65)
• Marc Malon (D, 133)
• Stewart, Trey L. (R, 2)
• Tiffany Strout (R, 11)

Latest actions

1. June 25, 2025: On motion by Senator ROTUNDO of Androscoggin taken from the Special Appropriations Table PASSED TO BE ENACTED in concurrence.
2. June 17, 2025: On motion by Senator ROTUNDO of Androscoggin PLACED ON THE SPECIAL APPROPRIATIONS TABLE pending ENACTMENT in concurrence.
3. June 17, 2025: PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.
4. June 16, 2025: Reports ReadOn motion by Senator TIPPING of Penobscot the Majority Ought to Pass as Amended Report ACCEPTED. READ ONCE Committee Amendment "A" (H-712) READ and ADOPTED Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (H-712) in concurrence
5. June 16, 2025: Reports READ.On motion of Representative SAYRE of Kennebunk, the Majority Ought to Pass as Amended Report was ACCEPTED.The Bill was READ ONCE.Committee Amendment "A" (H-712) was READ and ADOPTED.Under suspension of the rules, the Bill was given its SECOND READING without REFERENCE to the Committee on Bills in the Second Reading.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (H-712). Sent for concurrence. ORDERED SENT FORTHWITH.
6. April 22, 2025: The Bill was REFERRED to the Committee on TAXATION in concurrence
7. April 22, 2025: Committee on Taxation suggested and ordered printed. The Bill was REFERRED to the Committee on TAXATION.Sent for concurrence. ORDERED SENT FORTHWITH.

Common questions

What is LD1755?

LD1755 is a bill in the Maine Legislature (132nd Legislature): An Act to Increase the Maine Historic Property Rehabilitation Tax Credit in Rural Areas.

What does LD1755 do?

In its own words: An Act to Increase the Maine Historic Property Rehabilitation Tax Credit in Rural Areas.

What is the status of LD1755?

Signed into law as of July 7, 2025. Latest action: On motion by Senator ROTUNDO of Androscoggin taken from the Special Appropriations Table PASSED TO BE ENACTED in concurrence. (June 25, 2025).

Who sponsored LD1755?

Laura Supica (D, 22), with 9 co-sponsors.

Where is the official record for LD1755?

On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1755&snum=132