# Maine LD 125: An Act to Increase the Total Amount of Credits Authorized Under the Maine Seed Capital Tax Credit Program

Maine LD 125, An Act to Increase the Total Amount of Credits Authorized Under the Maine Seed Capital Tax Credit Program, is a 132nd Maine Legislature (2025-2026) Senate bill sponsored by Teresa S. Pierce (Democratic); status signed, last action 2025-07-01 (Signed by Governor, ACTPUB Chapter 442); PRIA reads it as touching household money (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/ME-LD125-132
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maine LD 125
- State: Maine
- Session: 132nd Maine Legislature (2025-2026)
- Title: An Act to Increase the Total Amount of Credits Authorized Under the Maine Seed Capital Tax Credit Program
- Status: signed
- Chamber: Senate
- Introduced: 2025-01-08
- Last action: 2025-07-01, Signed by Governor, ACTPUB Chapter 442
- Sponsor: Teresa S. Pierce (Democratic)
- Cosponsors: 0
- Subjects: INCOME TAX, INCOME TAX - CREDITS
- Touches household money: yes
- Roll calls: 2 (56 yes, 124 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- More seed capital credits for investors: benefit, high. Beginning in 2027, the law raises the yearly pool of Seed Capital Tax Credits to $10 million, up from $5 million. For 2023 through 2026, the annual limit remains $15 million. This change increases the total credits the state can issue each year but does not change per‑investor credit rules or who q…

## Sponsors and cosponsors

- Sponsor: Teresa S. Pierce (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-06-09 | House | ACC MAJ OUGHT NOT TO PASS REP | fail | 42 | 104 |   |
| 2025-05-13 | Senate | ACCEPT MAJORITY OUGHT NOT TO PASS REPORT | fail | 14 | 20 |   |

## Actions (20)

- 2025-07-01: Signed by Governor, ACTPUB Chapter 442
- 2025-06-25: On motion by Senator ROTUNDO of Androscoggin taken from the Special Appropriations Table PASSED TO BE ENACTED in concurrence. (Senate)
- 2025-06-10: On motion by Senator ROTUNDO of Androscoggin PLACED ON THE SPECIAL APPROPRIATIONS TABLE pending ENACTMENT in concurrence (Senate)
- 2025-06-10: PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH. (House)
- 2025-06-09: 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. (House)
- 2025-06-05: Unfinished Business (House)
- 2025-06-04: Unfinished Business (House)
- 2025-06-03: Unfinished Business (House)
- 2025-06-02: Unfinished Business (House)
- 2025-05-29: Unfinished Business (House)
- 2025-05-28: Unfinished Business (House)
- 2025-05-27: Unfinished Business (House)
- 2025-05-22: Unfinished Business (House)
- 2025-05-20: Unfinished Business (House)
- 2025-05-20: Reports READ.On motion of Representative CLOUTIER of Lewiston, TABLED pending ACCEPTANCE of Either Report.Later today assigned. (House)
- 2025-05-14: 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. (Senate)
- 2025-05-13: 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. (Senate)
- 2025-03-21: CARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519. (Senate)
- 2025-01-08: The Bill was REFERRED to the Committee on TAXATION.In concurrence. ORDERED SENT FORTHWITH. (House)
- 2025-01-08: Committee on TAXATION suggested and ordered printed REFERENCE to the Committee on TAXATION Ordered sent down forthwith for concurrence (Senate)

## Bill text

- Amendment C-A (S-75), adopted by House & Senate: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0052&item=2&snum=132)
- Enacted: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0052&item=3&snum=132)
- Introduced: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0052&item=1&snum=132)

## Related bills

- LD 1522: An Act to Establish the Maine Eviction Prevention Program (failed)
- LD 1665: An Act to Provide Property Tax Relief to Maine Families (failed)
- LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retirement System (failed)
- LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan for Retirement (failed)
- LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State Employees (failed)
- LD 1294: An Act to Expand the Dependent Exemption Tax Credit (failed)

## Sources
- [Amendment C-A (S-75), adopted by House & Senate (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0052&item=2&snum=132)
- [Enacted (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0052&item=3&snum=132)
- [Introduced (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0052&item=1&snum=132)

## Related
- [LD 1522: An Act to Establish the Maine Eviction Prevention Program](https://policyrisk.com/state-bill/ME-LD1522-132)
- [LD 1665: An Act to Provide Property Tax Relief to Maine Families](https://policyrisk.com/state-bill/ME-LD1665-132)
- [LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retiremen…](https://policyrisk.com/state-bill/ME-LD1872-132)
- [LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan f…](https://policyrisk.com/state-bill/ME-LD2067-132)
- [LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State…](https://policyrisk.com/state-bill/ME-LD1611-132)
- [LD 1294: An Act to Expand the Dependent Exemption Tax Credit](https://policyrisk.com/state-bill/ME-LD1294-132)
- [Maine bills](https://policyrisk.com/states/maine/bills)
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Source: PRIA, https://policyrisk.com/state-bill/ME-LD125-132 (as of 2026-10-17).