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MaineLD 2116132nd Maine Legislature (2025-2026)HouseWALLET

An Act to Extend the Sunset Date of the Affordable Housing Income Tax Credit

Sponsored By: Ambureen Rana (Democratic)

Became Law

INCOME TAXINCOME TAX - CREDITS

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Developers' housing tax credit extended to 2036

Developers and project sponsors can receive Maine Affordable Housing Income Tax Credit allocations through December 31, 2036. The annual pool is $10 million, and unused amounts and returned credits add to future years, but no more than $15 million can be allocated in any one year. No more than 20% of a year's credits may be allocated under paragraph B. Ten percent of credits first available each year are set aside for qualified rural development preservation projects and carry forward for that purpose; any of that set-aside not used by December 31, 2036 can be used without the rural requirement. After December 31, 2036, only credits that were carried forward or returned (not recaptured) may be allocated.

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Sponsors & Cosponsors

Sponsor

  • Ambureen Rana

    Democratic • House

Cosponsors

  • Drew Gattine

    Democratic • House

  • Gary Friedmann

    Democratic • House

  • Chip Curry

    Democratic • Senate

  • Teresa S. Pierce

    Democratic • Senate

  • Traci Gere

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 73 • No: 66

House vote • 3/30/2026

ACC MAJ OTP AS AMENDED REP

Yes: 73 • No: 66

Actions Timeline

  1. ACTPUB Chapter 699

    5/4/2026

  2. On motion by Senator ROTUNDO of Androscoggin taken from the Special Appropriations Table. Subsequently, PASSED TO BE ENACTED in concurrence.

    4/13/2026Senate

  3. On motion by Senator ROTUNDO of Androscoggin PLACED ON THE SPECIAL APPROPRIATIONS TABLE pending ENACTMENT in concurrence.

    4/6/2026Senate

  4. PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.

    4/2/2026House

  5. Reports READ.On motion by Senator GROHOSKI of Hancock the Majority Ought to Pass as Amended Report ACCEPTED. READ ONCE. Committee Amendment "A" (H-917) READ and ADOPTED. Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (H-917) in concurrence.

    4/2/2026Senate

  6. Reports READ.On motion of Representative SAYRE of Kennebunk, the Majority Ought to Pass as Amended Report was ACCEPTED.ROLL CALL NO. 699(Yeas 73 - Nays 66 - Absent 11 - Excused 0 - Vacant 1)The Bill was READ ONCE.Committee Amendment "A" (H-917) 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-917). Sent for concurrence. ORDERED SENT FORTHWITH.

    3/30/2026House

  7. The Bill was REFERRED to the Committee on TAXATION in concurrence

    1/7/2026Senate

  8. Committee on Taxation suggested and ordered printed. The Bill was REFERRED to the Committee on TAXATION.Sent for concurrence. ORDERED SENT FORTHWITH.

    1/7/2026House

Bill Text

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