Maine legislation · 132nd Legislature
Maine LD1924: An Act to Encourage New Residential Housing Through a Tax Exemption for the Sale or Rental of Such Housing
Status: Failed, May 28, 2025
What the bill says
An Act to Encourage New Residential Housing Through a Tax Exemption for the Sale or Rental of Such Housing Reference to the Committee on Taxation suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative WALKER of Naples. Printed on recycled paper.
From the introduced text:
An Act to Encourage New Residential Housing Through a Tax Exemption for the Sale or Rental of Such Housing Reference to the Committee on Taxation suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative WALKER of Naples. Printed on recycled paper Be it enacted by the People of the State of Maine as follows: Sec. 1. 36 MRSA §5122, sub-§2, ¶AAA is enacted to read: AAA. For taxable years beginning on or after January 1, 2026 but before January 1, 2031, to the extent included in federal adjusted gross income and to the extent otherwise subject to Maine income tax, the amount of any gain resulting from the sale of new residential housing in this State intended for occupancy by the purchaser or from the lease of new residential housing in this State intended for occupancy by the lessee. As used in this paragraph, "new residential housing" means a residential unit of which at least half of the square footage has not been occupied in the 12 months prior to the unit's sale or lease and includes, but is not limited to, single-family and multi-unit residential housing, mobile homes and manufactured housing. The deduction allowed by this paragraph may be taken for the taxable year in which the new residential housing is first occupied by the purchaser or …
Sponsors
- Mark Walker (R, 84) · primary sponsor
Latest actions
- : Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
- : The Bill was REFERRED to the Committee on TAXATION in concurrence
- : Committee on Taxation suggested and ordered printed. The Bill was REFERRED to the Committee on TAXATION.Sent for concurrence. ORDERED SENT FORTHWITH.
Subjects: EXEMPT ITEMS, NEW HOUSING MORATORIUM, Legislature, SALES AND USE TAX, Senate, Other
Common questions
- What is LD1924?
- LD1924 is a bill in the Maine Legislature (132nd Legislature): An Act to Encourage New Residential Housing Through a Tax Exemption for the Sale or Rental of Such Housing.
- What does LD1924 do?
- In its own words: An Act to Encourage New Residential Housing Through a Tax Exemption for the Sale or Rental of Such Housing Reference to the Committee on Taxation suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative WALKER of Naples. Printed on recycled paper.
- What is the status of LD1924?
- Failed as of May 28, 2025. Latest action: Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD) (May 28, 2025).
- Who sponsored LD1924?
- Mark Walker (R, 84).
- Where is the official record for LD1924?
- On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1924&snum=132
Source: official Maine record. Tracked by Delilah, AI for legislation across all 50 states and Congress.