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MaineLD 1755132nd Maine Legislature (2025-2026)HouseWALLET

An Act to Increase the Maine Historic Property Rehabilitation Tax Credit in Rural Areas

Sponsored By: Laura Supica (Democratic)

Signed by Governor

INCOME TAXINCOME TAX - CREDITS

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Bill Overview

Analyzed Economic Effects

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

Bigger rural historic rehab credit for housing

Beginning with tax years starting January 1, 2025, Maine increases the historic rehabilitation tax credit in rural areas. You can claim 35% of certified qualified rehabilitation expenditures (project costs) for a certified historic building in a rural area, if at least 33% of its total square feet is housing. If the project is also a certified affordable housing project, the credit rises by 10 percentage points to 45%. A rural area means an unorganized territory or a town with fewer than 12,500 people, based on the latest U.S. census. The project must also qualify for the federal historic rehabilitation credit under Internal Revenue Code Section 47.

Sponsors & Cosponsors

Sponsor

  • Laura Supica

    Democratic • House

Cosponsors

  • Bradlee T. Farrin

    Republican • Senate

  • Cassie Julia

    Democratic • House

  • Craig V. Hickman

    Democratic • Senate

  • Chip Curry

    Democratic • Senate

  • Trey L. Stewart

    Republican • Senate

  • Marc Malon

    Democratic • House

  • Mark Blier

    Republican • House

  • Ryan Fecteau

    Democratic • House

  • Tiffany Strout

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Signed by Governor, ACTPUB Chapter 499

    7/7/2025

  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.

    6/17/2025Senate

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

    6/17/2025House

  5. Reports ReadOn motion by Senator TIPPING of Penobscot the Majority Ought to Pass as Amended Report ACCEPTED. READ ONCE Committee Amendment "A" (H-712) READ and ADOPTED Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (H-712) in concurrence

    6/16/2025Senate

  6. Reports READ.On motion of Representative SAYRE of Kennebunk, the Majority Ought to Pass as Amended Report was ACCEPTED.The Bill was READ ONCE.Committee Amendment "A" (H-712) 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-712). Sent for concurrence. ORDERED SENT FORTHWITH.

    6/16/2025House

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

    4/22/2025Senate

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

    4/22/2025House

Bill Text

  • Amendment C-A (H-712), adopted by House & Senate

    PDF

  • Enacted

    PDF

  • Introduced

    PDF

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