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MaineLD 1275132nd Maine Legislature (2025-2026)HouseWALLET

An Act to Promote the Production of Natural Resources Bioproducts by Amending the Renewable Chemicals Tax Credit

Sponsored By: Daniel Sayre (Democratic)

Became Law

INCOME TAXINCOME TAX - CREDITS

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Bill Overview

Analyzed Economic Effects

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

8-cent-per-pound credit for Maine producers

Beginning with tax years that start on or after January 1, 2026, Maine offers a tax credit for renewable chemical producers. You can claim $0.08 for each pound you produce in Maine, against tax on that year’s production income. To qualify, you must follow the program rules in subsection 5 and show the Department of Economic and Community Development that at least 75% of contractor harvest workers meet Employment Security Law rules. If you do not hire harvesters directly, you may get the paperwork from the landowner or the contracting entity.

Sponsors & Cosponsors

Sponsor

  • Daniel Sayre

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. ACTPUB Chapter 477

    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. Report READ and ACCEPTED, in concurrence.READ ONCE.Committee Amendment "A" (H-547) READ and ADOPTED, in concurrence.Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (H-547), in concurrence.Ordered sent down forthwith.

    6/9/2025Senate

  6. CONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (H-547).Sent for concurrence. ORDERED SENT FORTHWITH.

    6/9/2025House

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

    3/25/2025Senate

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

    3/25/2025House

Bill Text

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