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LD1621 • 2025

An Act to Allow Municipalities to Use Tax Increment Financing Revenues to Support Lake Restoration and Protection Activities

An Act to Allow Municipalities to Use Tax Increment Financing Revenues to Support Lake Restoration and Protection Activities

Taxes
Active

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

Sponsor
Representative William Bridgeo
Last action
2025-05-20
Official status
Pursuant to Joint Rule 310.3 Placed in 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 Allow Municipalities to Use Tax Increment Financing Revenues to Support Lake Restoration and Protection Activities

An Act to Allow Municipalities to Use Tax Increment Financing Revenues to Support Lake Restoration and Protection Activities Sponsor: Representative William Bridgeo Reference committee: Taxation Latest committee action: Reported Out; ONTP

What This Bill Does

  • An Act to Allow Municipalities to Use Tax Increment Financing Revenues to Support Lake Restoration and Protection Activities Sponsor: Representative William Bridgeo Reference committee: Taxation Latest committee action: Reported Out; ONTP

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.

Bill History

  1. 2025-05-20 Senate

    Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)

  2. 2025-05-20 Committee

    Reported Out; ONTP

  3. 2025-05-08 Committee

    Work Session Held

  4. 2025-05-08 Committee

    Voted; ONTP

  5. 2025-04-11 House

    Received by the Clerk of the House on April 11, 2025. The Bill was REFERRED to the Committee on TAXATION pursuant to Joint Rule 308.2 and ordered printed pursuant to Joint Rule 401.

  6. 2025-04-11 Committee

    Referred to Committee on Taxation.

Official Summary Text

An Act to Allow Municipalities to Use Tax Increment Financing Revenues to Support Lake Restoration and Protection Activities
Sponsor:
Representative William Bridgeo
Reference committee:
Taxation
Latest committee action:
Reported Out; ONTP

Current Bill Text

Read the full stored bill text
Printed on recycled paper
132nd MAINE LEGISLATURE
FIRST SPECIAL SESSION-2025
Legislative Document No. 1621
H.P. 1075 House of Representatives, April 15, 2025
An Act to Allow Municipalities to Use Tax Increment Financing
Revenues to Support Lake Restoration and Protection Activities
Received by the Clerk of the House on April 11, 2025. Referred to the Committee on
Taxation pursuant to Joint Rule 308.2 and ordered printed pursuant to Joint Rule 401.
ROBERT B. HUNT
Clerk
Presented by Representative BRIDGEO of Augusta.
Cosponsored by Senator BRADSTREET of Kennebec and
Representatives: DAIGLE of Fort Kent, DUCHARME of Madison, GEIGER of Rockland,
LEE of Auburn, ROLLINS of Augusta.

Page 1 - 132LR0663(01)
1Be it enacted by the People of the State of Maine as follows:
2Sec. 1. 30-A MRSA §5225, sub-§1, ¶C, as amended by PL 2023, c. 142, §§1 to
3 3, is further amended by amending subparagraph (11) to read:
4 (11) Costs associated with the operation and financial support of:
5 (a) Affordable housing in the municipality or plantation to serve ongoing
6 economic development efforts, including the further development of the
7 downtown tax increment financing districts; and
8 (b) Housing programs and services to assist those who are experiencing
9 homelessness in the municipality or plantation as defined in the municipality's
10 or plantation's development program; and
11Sec. 2. 30-A MRSA §5225, sub-§1, ¶C, as amended by PL 2023, c. 142, §§1 to
12 3, is further amended by amending subparagraph (12) to read:
13 (12) Up to 50% of the capital costs related to the construction or renovation of a
14 municipality's or plantation's central administrative office, the need for which is
15 related to general economic development within the municipality or plantation, not
16 to exceed 15% of the captured assessed value of the development district; and
17Sec. 3. 30-A MRSA §5225, sub-§1, ¶C, as amended by PL 2023, c. 142, §§1 to
18 3, is further amended by enacting a new subparagraph (13) to read:
19 (13) Costs associated with projects for the restoration and protection of lakes
20 conducted by municipalities or persons designated by a municipality to conduct
21 such projects. As used in this subparagraph, "projects for the restoration and
22 protection of lakes" includes, but is not limited to, alum treatments, invasive
23 aquatic plants and nuisance species monitoring and erosion control programs and
24 providing matching funds for a grant program for those types of projects;
25SUMMARY
26 This bill allows municipalities to use revenue from tax increment financing districts
27 for projects for the restoration and protection of lakes.
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