LD185 • 2025

An Act to Expand Opportunities to Invest Municipal Tax Increment Financing Revenues

Taxes

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Representative Anne-Marie Mastraccio
Last action: 2025-06-15
Official status: Became Law without Governor's Signature
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 Expand Opportunities to Invest Municipal Tax Increment Financing Revenues

An Act to Expand Opportunities to Invest Municipal Tax Increment Financing Revenues Sponsor: Representative Anne-Marie Mastraccio Reference committee: Taxation Governor action: Became Law without Governor's Signature

What This Bill Does

An Act to Expand Opportunities to Invest Municipal Tax Increment Financing Revenues Sponsor: Representative Anne-Marie Mastraccio Reference committee: Taxation Governor action: Became Law without Governor's Signature

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.

C-A (H-255)

Adopted by House & Senate

Plain English: Page 1 - 132LR0589(02) COMMITTEE AMENDMENT 1 L.D.

Page 1 - 132LR0589(02) COMMITTEE AMENDMENT 1 L.D.
185 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

2025-06-15 Governor
Became Law without Governor's Signature
2025-06-02 Senate
PASSED TO BE ENACTED , in concurrence.
2025-05-29 House
PASSED TO BE ENACTED . Sent for concurrence. ORDERED SENT FORTHWITH.
2025-05-22 Committee
Reported Out; OTP-AM
2025-02-27 Committee
Work Session Held
2025-02-27 Committee
Voted; OTP-AM
2025-01-14 Committee
Referred to Committee on Taxation.

Official Summary Text

An Act to Expand Opportunities to Invest Municipal Tax Increment Financing Revenues
Sponsor:
Representative Anne-Marie Mastraccio
Reference committee:
Taxation
Governor action:
Became Law without Governor's Signature

Current Bill Text

Read the full stored bill text

Page 1 - 132LR0589(03)
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-FIVE
_____
H.P. 118 - L.D. 185
An Act to Expand Opportunities to Invest Municipal Tax Increment
Financing Revenues
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §5225, sub-§1, ¶C, as amended by PL 2023, c. 142, §§1 to
3, is further amended by amending subparagraph (9) to read:
(9) Costs related to the construction, renovation or operation of municipal or
plantation public safety facilities, including facilities used as emergency shelters,
the need for which is related to general economic development within the
municipality or plantation, not to exceed 15% 25% of the captured assessed value
of the development district;
Sec. 2. 30-A MRSA §5225, sub-§1, ¶C, as amended by PL 2023, c. 142, §§1 to
3, is further amended by amending subparagraph (12) to read:
(12) Up to 50% of the capital costs related to the construction or renovation of a
municipality's or plantation's central administrative office facilities owned by a
municipality or plantation and used to provide municipal or plantation services, the
need for which is related to general economic development within the municipality
or plantation, not to exceed 15% 25% of the captured assessed value of the
development district;
LAW WITHOUT
GOVERNOR'S
SIGNATURE

JUNE 15, 2025
CHAPTER
310
PUBLIC LAW