ME LD1044

Amends Maine's tax increment financing (TIF) law to clarify that development districts may be extended an additional 20 years beyond the standard 30-year limit if at least 75% of TIF revenue is used "in total" for affordable housing or transit-oriented development

Replaces vague reference to "general effective date of laws enacted during the First Special Session of the 131st Legislature" with the specific date of October 25, 2023, establishing the 10-year window for districts to apply for extensions

Expands the definition of "transit-oriented development" to include projects that rely on transit to meet transportation needs of residents, customers, and occupants, regardless of location in a designated transit district or corridor

Removes previous requirement that transit-oriented developments must be located specifically in transit-served nodes or corridors

Signed into law by the Governor on June 18, 2025 as Public Law Chapter 356