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LD1275 • 2025
An Act to Promote the Production of Natural Resources Bioproducts by Amending the Renewable Chemicals Tax Credit
An Act to Promote the Production of Natural Resources Bioproducts by Amending the Renewable Chemicals Tax Credit
Taxes
Enacted
This bill passed the Legislature and reached final enactment based on the latest official action.
- Sponsor
- Representative Daniel Sayre
- Last action
- 2025-07-01
- Official status
- Signed by the Governor
- Effective date
- Not listed
Plain English Breakdown
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
An Act to Promote the Production of Natural Resources Bioproducts by Amending the Renewable Chemicals Tax Credit
An Act to Promote the Production of Natural Resources Bioproducts by Amending the Renewable Chemicals Tax Credit
Sponsor:
Representative Daniel Sayre
Reference committee:
Taxation
Governor action:
Signed by the Governor
What This Bill Does
- An Act to Promote the Production of Natural Resources Bioproducts by Amending the Renewable Chemicals Tax Credit
Sponsor:
Representative Daniel Sayre
Reference committee:
Taxation
Governor action:
Signed by the Governor
Limits and Unknowns
- This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.
Amendments
These notes stay tied to the official amendment files and metadata from the legislature.
Adopted by House & Senate
Plain English: Page 1 - 132LR1864(02)
COMMITTEE AMENDMENT
1 L.D.
- Page 1 - 132LR1864(02)
COMMITTEE AMENDMENT
1 L.D.
- 1275
2 Date: (Filing No.
- H- )
3TAXATION
4 Reproduced and distributed under the direction of the Clerk of the House.
- 5STATE OF MAINE
6HOUSE OF REPRESENTATIVES
7132ND LEGISLATURE
8FIRST SPECIAL SESSION
9 COMMITTEE AMENDMENT “ ” to H.P.
Bill History
-
2025-07-01
Governor
Signed by the Governor
-
2025-06-25
Senate
On motion by Senator ROTUNDO of Androscoggin taken from the Special Appropriations Table PASSED TO BE ENACTED in concurrence.
-
2025-06-10
House
PASSED TO BE ENACTED . Sent for concurrence. ORDERED SENT FORTHWITH.
-
2025-06-06
Committee
Reported Out; OTP-AM
-
2025-04-24
Committee
Work Session Held
-
2025-04-24
Committee
Voted; OTP-AM
-
2025-03-25
Committee
Referred to Committee on Taxation.
Official Summary Text
An Act to Promote the Production of Natural Resources Bioproducts by Amending the Renewable Chemicals Tax Credit
Sponsor:
Representative Daniel Sayre
Reference committee:
Taxation
Governor action:
Signed by the Governor
Current Bill Text
Read the full stored bill text
Page 1 - 132LR1864(03)
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-FIVE
_____
H.P. 850 - L.D. 1275
An Act to Promote the Production of Natural Resources Bioproducts by
Amending the Renewable Chemicals Tax Credit
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §5219-XX, sub-§2, as amended by PL 2021, c. 181, Pt. A, §13,
is further amended to read:
2. Credit allowed. A taxpayer engaged in the production of renewable chemicals in
the State who has complied with subsection 5 and the rules adopted under that subsection
is allowed a credit against the tax imposed by this Part on income derived during the taxable
year from the production of renewable chemicals in the amount of 8¢ per pound of
renewable chemical produced in the State as long as the taxpayer demonstrates to the
Department of Economic and Community Development that at least 75% of the employees
of the contractors hired or retained to harvest renewable biomass used in the production of
the renewable chemicals meet the eligibility conditions specified in the Employment
Security Law.
If the taxpayer does not contract directly with those hired or retained to harvest the
renewable biomass, the taxpayer may obtain the necessary documentation under this
subsection from the landowner or other entity that contracts directly.
Sec. 2. Application. This Act applies to tax years beginning on or after January 1,
2026.
APPROVED
JULY 1, 2025
BY GOVERNOR
CHAPTER
477
PUBLIC LAW