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LD1506 • 2025

An Act to Amend the Personal Property Tax Exemption for Individually Owned Personal Property

An Act to Amend the Personal Property Tax Exemption for Individually Owned Personal Property

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Representative Randall Greenwood
Last action
2026-04-29
Official status
Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES . (DEAD)
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 Amend the Personal Property Tax Exemption for Individually Owned Personal Property

An Act to Amend the Personal Property Tax Exemption for Individually Owned Personal Property Sponsor: Representative Randall Greenwood Reference committee: Taxation Latest committee action: Reported Out; OTP-AM

What This Bill Does

  • An Act to Amend the Personal Property Tax Exemption for Individually Owned Personal Property Sponsor: Representative Randall Greenwood Reference committee: Taxation Latest committee action: Reported Out; OTP-AM

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 - 132LR2238(02) COMMITTEE AMENDMENT 1 L.D.

  • Page 1 - 132LR2238(02) COMMITTEE AMENDMENT 1 L.D.
  • 1506 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

  1. 2026-04-29 Senate

    Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES . (DEAD)

  2. 2025-06-17 House

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

  3. 2025-06-16 Committee

    Reported Out; OTP-AM

  4. 2025-05-13 Committee

    Work Session Held

  5. 2025-05-13 Committee

    Voted; OTP-AM

  6. 2025-04-08 Committee

    Referred to Committee on Taxation.

Official Summary Text

An Act to Amend the Personal Property Tax Exemption for Individually Owned Personal Property
Sponsor:
Representative Randall Greenwood
Reference committee:
Taxation
Latest committee action:
Reported Out; OTP-AM

Current Bill Text

Read the full stored bill text 
Printed on recycled paper
132nd MAINE LEGISLATURE
FIRST SPECIAL SESSION-2025
Legislative Document No. 1506
H.P. 990 House of Representatives, April 8, 2025
An Act to Amend the Personal Property Tax Exemption for
Individually Owned Personal Property
Reference to the Committee on Taxation suggested and ordered printed.
ROBERT B. HUNT
Clerk
Presented by Representative GREENWOOD of Wales.

Page 1 - 132LR2238(01)
1Be it enacted by the People of the State of Maine as follows:
2Sec. 1. 36 MRSA §655, sub-§1, ¶P, as amended by PL 2007, c. 627, §23, is further
3 amended to read:
4 P. All items of individually owned personal property with a just value of less than
5 $1,000 $5,000, except:
6 (1) Items used for industrial or commercial purposes; and
7 (2) Vehicles as defined in section 1481 that are not subject to an excise tax;
8Sec. 2. Application. This Act applies to property tax years beginning on or after
9 April 1, 2026.
10SUMMARY
11 This bill increases the personal property tax exemption to $5,000 for individually
12 owned personal property.
11
12