Loading chat...
ME LD1520
Bill
Status
5/6/2025
Primary Sponsor
Lydia Crafts
Click for details
AI Summary
-
Allows volunteers to subtract from Maine taxable income mileage reimbursements received for charitable service that exceed federal deductible amounts, effective for tax years beginning January 1, 2026
-
Addresses the disparity between the IRS standard mileage rate for charitable driving (currently 14 cents/mile) and the higher business mileage rate (currently 67 cents/mile)
-
Only the portion of charitable mileage reimbursement exceeding the federal business rate would remain taxable under Maine state income tax
-
Amends Title 36 MRSA §5122 by adding a new deduction category for volunteer travel reimbursements
Legislative Description
An Act to Reduce the Income Tax Paid by Volunteers for Mileage Reimbursements
Income Tax
Last Action
Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
5/6/2025