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132nd MAINE LEGISLATURE
FIRST REGULAR SESSION-2025
Legislative Document No. 652
H.P. 420 House of Representatives, February 25, 2025
An Act to Provide Qualifying Downtown Businesses and
Developments with Assistance Paying Flood Insurance Premiums
Received by the Clerk of the House on February 20, 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 ROLLINS of Augusta.
Cosponsored by Representatives: COPELAND of Saco, MATLACK of St. George,
MONTELL of Gardiner, ROEDER of Bangor, SALISBURY of Westbrook, SHAGOURY of
Hallowell, TUELL of East Machias, Senator: MARTIN of Oxford.
Page 1 - 132LR1602(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), division (b) to read:
4 (b) Housing programs and services to assist those who are experiencing
5 homelessness in the municipality or plantation as defined in the municipality's
6 or plantation's development program; and
7Sec. 2. 30-A MRSA §5225, sub-§1, ¶C, as amended by PL 2023, c. 142, §§1 to
8 3, is further amended by amending subparagraph (12) to read:
9 (12) Up to 50% of the capital costs related to the construction or renovation of a
10 municipality's or plantation's central administrative office, the need for which is
11 related to general economic development within the municipality or plantation, not
12 to exceed 15% of the captured assessed value of the development district; and
13Sec. 3. 30-A MRSA §5225, sub-§1, ¶C, as amended by PL 2023, c. 142, §§1 to
14 3, is amended by enacting a new subparagraph (13) to read:
15 (13) Costs associated with establishing and funding a flood assistance program
16 within a development district that provides financial support for flood insurance
17 costs for a business or development, including administrative costs, as long as:
18 (a) The municipality or plantation does not allocate more than 25% of the
19 annual tax increment to the program; and
20 (b) Eligibility for the program is limited to a business or development that
21 meets specific criteria established by the municipality or plantation, including,
22 but not limited to, being located within a floodplain as designated by the United
23 States Department of Homeland Security, Federal Emergency Management
24 Agency or other relevant emergency management authority and demonstrating
25 financial need for assistance;
26SUMMARY
27 This bill authorizes municipalities or plantations with established downtown tax
28 increment financing districts to use funds related to tax increment financing for flood
29 insurance assistance.
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