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ME LD1493

Bill

Status

Passed

6/11/2025

Primary Sponsor

Michael Tipping

Click for details

Origin

Senate

132nd Legislature

AI Summary

  • Adds two new exclusions to Maine's Visual Media Production Credit, disqualifying commercial or promotional productions intended to advance a product or service for an individual or organization

  • Excludes productions made primarily for industrial, corporate, or institutional purposes, as well as those created for internal use

  • Amends existing statute 5 MRSA §13090-L to expand the list of ineligible production types from 6 to 8 categories

  • Became law without the Governor's signature on June 24, 2025, as Public Law Chapter 421

Legislative Description

An Act to Limit Corporate Use of the Visual Media Production Credit

Income Tax

Last Action

PASSED TO BE ENACTED, in concurrence.

6/11/2025

Committee Referrals

Taxation4/8/2025

Full Bill Text

No bill text available