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MaineLD 683132nd Maine Legislature (2025-2026)SenateWALLET

An Act to Clarify the Law Governing the Minimum Indirect Financial Interest Disclosure Requirement for Liquor Licenses

Sponsored By: Craig V. Hickman (Democratic)

Became Law

ALCOHOLIC BEVERAGESALCOHOLIC BEVERAGES - LICENSING

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Bill Overview

Analyzed Economic Effects

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

Liquor license applicants must disclose 10%

The law requires any liquor license or certificate of approval applicant to list anyone with an indirect financial interest of 10% or more in the applicant. Indirect interest includes options or warrants to buy equity. It also includes rights to payments tied to revenues, profits, or losses, like profit sharing, revenue sharing, or royalties. This is a disclosure step in the licensing process and adds a small paperwork task.

Sponsors & Cosponsors

Sponsor

  • Craig V. Hickman

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. ACTPUB Chapter 21

    5/1/2026

  2. PASSED TO BE ENACTED, in concurrence.

    4/8/2025Senate

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

    4/1/2025House

  4. CONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED.In concurrence. ORDERED SENT FORTHWITH.

    3/27/2025House

  5. Report READ and ACCEPTED.READ ONCEUnder suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED.Ordered sent down forthwith for concurrence.

    3/25/2025Senate

  6. 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

  7. Received by the Secretary of the Senate on February 20, 2025 and REFERRED to the Committee on VETERANS AND LEGAL AFFAIRS pursuant to Joint Rule 308.2

    2/20/2025Senate

Bill Text

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