An Act To Support Maine'S Agricultural Economy By Increasing Revenue From The Corporate Income Tax And Providing Property Tax Exemptions
Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD)
Summary
The bill raises the corporate tax rate for companies earning over $3.5 million by 1.07%, directing the extra revenue to dairy support, business incentives, and other agriculture‑related funds. It also creates a ten‑year property‑tax exemption for agricultural buildings built or renovated after Jan 1 2026, with municipalities reimbursed by the state for the lost revenue. The measure failed to pass the Senate and was placed in the legislative files.
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