KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Maine

LD2116 • 2025

An Act to Extend the Sunset Date of the Affordable Housing Income Tax Credit

An Act to Extend the Sunset Date of the Affordable Housing Income Tax Credit

Housing Taxes
Enacted

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

Sponsor
Representative Ambureen Rana
Last action
2026-04-15
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 Extend the Sunset Date of the Affordable Housing Income Tax Credit

An Act to Extend the Sunset Date of the Affordable Housing Income Tax Credit Sponsor: Representative Ambureen Rana Reference committee: Taxation Governor action: Signed by the Governor

What This Bill Does

  • An Act to Extend the Sunset Date of the Affordable Housing Income Tax Credit Sponsor: Representative Ambureen Rana 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 - 132LR2737(02) COMMITTEE AMENDMENT 1 L.D.

  • Page 1 - 132LR2737(02) COMMITTEE AMENDMENT 1 L.D.
  • 2116 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 8SECOND REGULAR SESSION 9 COMMITTEE AMENDMENT “ ” to H.P.

Bill History

  1. 2026-04-15 Governor

    Signed by the Governor

  2. 2026-04-13 Senate

    On motion by Senator ROTUNDO of Androscoggin taken from the Special Appropriations Table. Subsequently, PASSED TO BE ENACTED in concurrence.

  3. 2026-04-02 House

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

  4. 2026-03-27 Committee

    Reported Out; OTP-AM/ONTP

  5. 2026-03-10 Committee

    Work Session Held

  6. 2026-03-10 Committee

    Voted; Divided Report

  7. 2026-01-07 Committee

    Referred to Committee on Taxation.

Official Summary Text

An Act to Extend the Sunset Date of the Affordable Housing Income Tax Credit
Sponsor:
Representative Ambureen Rana
Reference committee:
Taxation
Governor action:
Signed by the Governor

Current Bill Text

Read the full stored bill text 
Page 1 - 132LR2737(03)
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-SIX
_____
H.P. 1431 - L.D. 2116
An Act to Extend the Sunset Date of the Affordable Housing Income Tax
Credit
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §5219-WW, sub-§3, as enacted by PL 2019, c. 555, §6, is
amended to read:
3. Maximum credit; carry-forward. The total credit amount available pursuant to
this section and section 2534 to be allocated by the authority for each calendar year
beginning on or after January 1, 2021 and ending on or before December 31, 2028 2036 is
subject to the following limitations.
A. The total allocation may not exceed $10,000,000. Any portion of that amount not
allocated in a calendar year may be carried forward and available to be allocated in
subsequent calendar years, except that:
(1) Any previously allocated credits returned to the authority, excluding any
credits recaptured under subsection 7, must be added to that amount; and
(2) The authority may not allocate more than $15,000,000 in any calendar year.
B. No more than 20% of credits allocated in any calendar year may be allocated under
subsection 2, paragraph B.
C. Ten percent of credits first available to be allocated in any calendar year must be
set aside to be allocated for the purpose of qualified rural development preservation
projects pursuant to subsection 2, paragraph B. Any portion of the amount under this
paragraph not allocated in a calendar year must be carried forward and be available to
be allocated in subsequent calendar years for the purpose of qualified rural
development preservation projects. To the extent that any amounts set aside under this
paragraph are not allocated on or before December 31, 2028 2036, those amounts may
be allocated by the authority without regard to whether the project is a qualified rural
development preservation project.
D. Only those credits that have been carried forward or returned, excluding any credits
recaptured under subsection 7, as described in this subsection may be allocated by the
authority after December 31, 2028 2036.
APPROVED
APRIL 15, 2026
BY GOVERNOR
CHAPTER
699
PUBLIC LAW