Loading chat...
ME LD125
Bill
AI Summary
-
Doubles the annual cap on Maine Seed Capital Tax Credit certificates from $5,000,000 to $10,000,000 for investments made in calendar years beginning with 2027
-
Maintains the existing $15,000,000 annual cap for investments made during calendar years 2023 through 2026
-
Allows the Finance Authority of Maine to carry forward eligible investors to future years when insufficient credit is available in a given year
-
Signed into law by the Governor on July 1, 2025 as Public Law Chapter 442
Legislative Description
An Act to Increase the Total Amount of Credits Authorized Under the Maine Seed Capital Tax Credit Program
Income Tax
Last Action
PASSED TO BE ENACTED in concurrence.
6/25/2025
Committee Referrals
Taxation1/8/2025
Full Bill Text
No bill text available