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ME LD1505

Bill

Official Source

Status

Failed

6/9/2025

Primary Sponsor

Shelley Rudnicki

Click for details

Origin

House of Representatives

132nd Legislature

AI Summary

  • Reduces Maine's sales tax rate by 0.5 percentage points every 2 years starting January 1, 2026, continuing until the rate reaches 0% for all taxable categories
  • Applies to tangible personal property, electronically transferred products, and taxable services
  • Use tax rates will decrease proportionally since they are tied to sales tax rates
  • Requires the State Tax Assessor to publish updated tax rates on the bureau's website beginning December 1, 2025, and every 2 years thereafter
  • Mandates the Assessor submit legislation to the Taxation Committee reflecting the rate reductions and any necessary statutory changes

Legislative Description

An Act to Phase out the Sales and Use Tax

Sales And Use Tax

Last Action

Placed in Legislative Files (DEAD)

6/9/2025

Committee Referrals

Taxation4/8/2025

Full Bill Text

No bill text available