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MaineLD 125132nd Maine Legislature (2025-2026)SenateWALLET

An Act to Increase the Total Amount of Credits Authorized Under the Maine Seed Capital Tax Credit Program

Sponsored By: Teresa S. Pierce (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.

More Maine seed capital credits for investors

The law raises the yearly supply of Maine Seed Capital Tax Credits. For investments made in calendar years starting in 2027, the program can issue up to $10,000,000 in credits each year, up from $5,000,000. This applies to eligible investors under the program.

Sponsors & Cosponsors

Sponsor

  • Teresa S. Pierce

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 56 • No: 124

House vote • 6/9/2025

ACC MAJ OUGHT NOT TO PASS REP

Yes: 42 • No: 104

Senate vote • 5/13/2025

ACCEPT MAJORITY OUGHT NOT TO PASS REPORT

Yes: 14 • No: 20

Actions Timeline

  1. ACTPUB Chapter 442

    5/1/2026

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

    6/25/2025Senate

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

    6/10/2025Senate

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

    6/10/2025House

  5. Speaker laid before the HouseSubsequently, motion of Representative CLOUTIER of Lewiston to ACCEPT the Majority Ought Not to Pass Report FAILED.ROLL CALL NO. 383(Yeas 42 - Nays 104 - Absent 3 - Excused 2)On motion of Representative CLOUTIER of Lewiston, the Minority Ought to Pass as Amended Report was ACCEPTED.The Bill was READ ONCE.Committee Amendment "A" (S-75) 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" (S-75).In concurrence. ORDERED SENT FORTHWITH.

    6/9/2025House

  6. Unfinished Business

    6/5/2025House

  7. Unfinished Business

    6/4/2025House

  8. Unfinished Business

    6/3/2025House

  9. Unfinished Business

    6/2/2025House

  10. Unfinished Business

    5/29/2025House

  11. Unfinished Business

    5/28/2025House

  12. Unfinished Business

    5/27/2025House

  13. Unfinished Business

    5/22/2025House

  14. Unfinished Business

    5/20/2025House

  15. Reports READ.On motion of Representative CLOUTIER of Lewiston, TABLED pending ACCEPTANCE of Either Report.Later today assigned.

    5/20/2025House

  16. COMMITTEE ON BILLS IN THE SECOND READING REPORTS NO FURTHER VERBAL AMENDMENTS NECESSARY. REPORT ACCEPTED.READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-75)Ordered sent down forthwith for concurrence.

    5/14/2025Senate

  17. Reports READ On motion by Senator GROHOSKI of Hancock The Majority Ought Not To Pass Report FAILED Roll Call Ordered Roll Call Number 148 Yeas 16 - Nays 18 - Excused 1 - Absent 0 Subsequently, the Senate ACCEPTED the Minority Ought to Pass As Amended by Committee Amendment "A" (S-75) Report READ ONCE Committee Amendment "A" (S-75) READ and ADOPTED Senator BENNETT of Oxford OBJECTED to suspension of the Rules to give this Bill it's Second Reading at this time ASSIGNED FOR SECOND READING NEXT LEGISLATIVE DAY.

    5/13/2025Senate

  18. CARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.

    3/21/2025Senate

  19. The Bill was REFERRED to the Committee on TAXATION.In concurrence. ORDERED SENT FORTHWITH.

    1/8/2025House

  20. Committee on TAXATION suggested and ordered printed REFERENCE to the Committee on TAXATION Ordered sent down forthwith for concurrence

    1/8/2025Senate

Bill Text

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