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MaineLD 1951132nd Maine Legislature (2025-2026)SenateWALLET

An Act to Promote Food Processing and Manufacturing Facility Expansion and Create Jobs

Sponsored By: Trey L. Stewart (Republican)

Became Law

INCOME TAXINCOME TAX - CREDITS

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Bill Overview

Analyzed Economic Effects

5 provisions identified: 1 benefits, 1 costs, 3 mixed.

Refundable tax credit for factory investments

Maine offers a refundable income tax credit for large manufacturing projects. The credit equals 1.8% of your qualified investment each year, rising to 2% for tax years that start on or after January 1, 2027. It runs for up to 20 years, starting with the first full tax year after the state issues your completion certificate, or 2022 if later. Owners of pass‑through entities can claim the credit. You must have a certificate of completion that states your qualified investment amount to trigger the credit.

Bigger caps and $35M investment rules

A qualified investment must be at least $35,000,000 spent to design, permit, build, modify, equip, or expand a Maine facility. Spending by related entities in the same business must be combined. Only costs from April 1, 2019 through December 31, 2027 count. The program caps issued certificates at $200 million in total and $100 million per project.

New jobs and wage rules to qualify

To qualify, a project must have at least 40 full‑time Maine‑based employees within 12 months of start‑up. At least 75% of employees with 12 or more months on the job must earn more than the most recent per‑capita personal income in the county. These wage and hiring tests apply to applicants and continue for certified applicants.

Yearly reports required from certified projects

Certified applicants must file a report by March 1 each year for the prior tax year. The report lists full‑time Maine employees at year‑end, the year’s incremental qualified investment, total full‑time employees, jobs offered above the base level, and jobs added since approval. The commissioner sends copies to the tax assessor, OPEGA, and the Legislature’s tax committee.

Old program clauses repealed and simplified

The law repeals paragraph H and subparagraph J(1) from the program statute. It also removes two post‑certification rules in subsection 3.B: subparagraph (2) and division (a) of subparagraph (4). These deletions change earlier requirements in the program; the practical effect depends on the removed text.

Sponsors & Cosponsors

Sponsor

  • Trey L. Stewart

    Republican • Senate

Cosponsors

  • Donald Ardell

    Republican • House

  • Gregory Swallow

    Republican • House

  • Joseph Underwood

    Republican • House

  • Lucien Daigle

    Republican • House

  • Mark Babin

    Republican • House

  • Roger Albert

    Republican • House

  • Susan Bernard

    Republican • Senate

  • Timothy Guerrette

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 96 • No: 43

House vote • 6/25/2025

RECEDE AND CONCUR

Yes: 96 • No: 43

Actions Timeline

  1. ACTPUB Chapter 489

    5/1/2026

  2. PASSED TO BE ENACTED, in concurrence.

    6/25/2025Senate

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

    6/25/2025House

  4. The House RECEDED and CONCURRED to PASSAGE TO BE ENGROSSED as Amended by Committee Amendment "A" (S-400) as Amended by Senate Amendment "A" (S-488) thereto.ROLL CALL NO. 598(Yeas 96 - Nays 43 - Absent 10 - Excused 2)ORDERED SENT FORTHWITH.

    6/25/2025House

  5. On motion by Senator ROTUNDO of Androscoggin taken from the Special Appropriations Table On motion by Same Senator the Senate SUSPENDED THE RULES to RECONSIDER their actions whereby the Bill was PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (S-400) On further motion by Same Senator the Senate SUSPENDED THE RULES to RECONSIDER their actions whereby Committee Amendment "A" (S-400) was ADOPTED. On further motion by Same Senator Senate Amendment "A" (S-488) to Committee Amendment "A" (S-400) READ and ADOPTED. Committee Amendment "A" (S-400) as Amended by Senate Amendment "A" (S-488) thereto ADOPTED. PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-400) as Amended by Senate Amendment "A" (S-488) thereto in NON-CONCURRENCE. Sent down for concurrence.

    6/25/2025Senate

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

    6/16/2025Senate

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

    6/16/2025House

  8. 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" (S-400).In concurrence. ORDERED SENT FORTHWITH.

    6/16/2025House

  9. Report READ and ACCEPTED.READ ONCE.Committee Amendment "A" (S-400) READ and ADOPTED.Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-400).Ordered sent down forthwith for concurrence.

    6/13/2025Senate

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

    5/7/2025House

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

    5/7/2025Senate

Bill Text

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